Dish's "Seinfeld" strategy appears to have ended quite like the actual show — with its finale a generally-accepted disappointment.
In 2011, Dish cofounder Charlie Ergen first mentioned "Seinfeld" on an earnings call, responding to an analyst's question about his company's mixed bag of assets.
When Dish and DirecTV discussed merging in 2014, DirecTV's market capitalization was about $40 billion, and Dish's market valuation was more than $28 billion.
DirecTV sold a year later to AT&T for $49 billion in equity value.
EchoStar was motivated to move Dish and its debt off its balance as a $2 billion debt payment matures in November, CNBC reported last week.
Persons:
Charlie Ergen, Ergen, EchoStar, Hamid Akhavan
Organizations:
DirecTV, Comcast, Dish, Times, CNBC