NextWave deal with government looks remote

Article Abstract:

It's a complex set of circumstances surrounding the government's annulling a wireless spectrum auction that NextWave was counting on for income. NextWave is already in Chap. 11 and the throes of reorganization. By annulling the auction, the government essentially lost about $12 billion in revenue. In the end, when there is a settlement, it will probably cost the U.S. government a net of $4 billion, money that won't be freed up easily from a House Telecommunications Subcommittee chaired by Rep. Fred Upton (R., Mich.) and Congress.

Radiotelephone communications, Cellular and Other Wireless Telecommunications, Organizational history, Mobile Radio Services, Cases, Telecommunications services industry, Telecommunications industry, Cellular telephone services, Wireless communications, United States. Department of Justice, Wireless communications services, NextWave Telecom Inc., Wireless telecommunications service, Wireless technology

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EchoStar's Ergen starts campaign to get approval for Hughes deal

Article Abstract:

EchoStar Communications Corp. CEO Charlie Ergen will try to convince federal lawmakers, the FCC and the Justice Dept. that his company's acquisition of Hughes Electronics Corp., including its DirecTV subsidiary, from General Motors Corp., is in the best interests of the company and the country. The merger, valued at $23.65 billion, will create the biggest US direct broadcast satellite television entity. Mr. Ergen says that while competion in the industry will diminish, the merger will allow direct broadcast TV to compete with cable TV and keep rates for cable lower. It will also provide high-speed Internet access to 30 million rural customers and help to eradicate the 'digital divide.'

Asset sales & divestitures, Acquisitions & mergers, Cable and other pay TV services, Direct Broadcast Satellite TV Providers, Cable and Other Program Distribution, Management, Laws, regulations and rules, Mergers, acquisitions and divestments, Company acquisition/merger, Acquisitions and mergers, Economic policy, Hughes Electronics Corp., GMH, EchoStar Communications Corp., DISH, Direct broadcast satellite television industry, Satellite television, Satellite television industry, Ergen, Charlie

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Sears to renew its WNBA sponsorship

Article Abstract:

Sears, Roebuck & Co. has decided to renew its sponsorship of the Women's National Basketball Association, agreeing to spend $10 million over the next three years. The deal is the first sponsorship renewal by any of the league's current sponsors. The WNBA has set itself apart in the sports marketplace by offering sponsors exclusivity deals. The league guarantees that advertisers' rivals will not be sold airtime for competing commercials during national or local broadcasts of its games. The league has been able to offer such exclusivity by selling the airtime for its games directly to the advertisers, splitting the revenue with the broadcasters, who do not have to pay any rights fees to the league for televising its games.

Department Stores, Alliances, partnerships, Sports Teams and Clubs, Sports clubs, managers, & promoters, Professional Basketball, Innovations, Contracts, Advertising, Sports sponsorship, Sears, Roebuck and Co., S, Women's National Basketball Association

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