Dish Network and T-Mobile appear to be in the early stages of merger talks, the Wall Street Journal reports.
It’s the latest in a recent spate of mergers (and attempted mergers) among giant media and communications companies in the US.
The WSJ cites sources who say the Dish Network/T-Mobile talks are in the “formative stage,” meaning it may or may not happen, but roles among the two companies’ top brass appear to have already been staked out.
T-Mobile’s John Legere would helm the combined company as CEO. Dish Network’s chief exec, Charlie Ergen would be chairman.
The landscape of media conglomerates has been ripe for consolidation of late, and that’s partly due to the shift in the way we consume media.
You need only look at the current disruption of cable TV to see the proof, as the list of streaming and on-demand services grows ever larger. Business Insider’s Tim Stenovec declared Wednesday the time to quit cable is now.
Though the T-Mobile/Dish details are light at the moment, it’s a clear indication that legacy media and communications companies are doing everything they can to not miss the boat on what’s next.