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Dish profit rises, chairman criticizes Comcast/TWC deal

22
Feb
2014

(Reuters) – Satellite TV provider Dish Network Corp reported a 38 percent rise in fourth-quarter profit on Friday and the companys chairman said he saw nothing good for competitors if U.S. regulators approve the merger of Comcast Corp and Time Warner Cable. Dish shares rose 1.6 percent to $57.97 after it reported earnings-per-share of 63 cents, beating the 41-cent consensus forecast of analysts surveyed by Thomson Reuters I/B/E/S. Dish Chairman Charlie Ergen said the combination of Comcast and Time Warner Cable would concentrate broadband, video and content in a nationwide player. Thats going to send a seismic shift across our industry in ways that maybe we cant predict today, he said on a conference call after the satellite TV provider released its results. Comcast, the nations largest cable company, said on February 13 that it had agreed to acquire No. 4 Time Warner Cable in an all-stock deal for $45.2 billion.

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