It FINALLY sounds like the cable and satellite companies are REELING from people “cutting the cord” for streaming-only options . . . and yet, they’re still as overpriced as ever.

 

 

DirecTV just announced yesterday that it’s buying its rival Dish Network, after DECADES of on-and-off talks about the two services merging.

 

 

And get this:  The price DirecTV is paying for Dish is . . . $1.00.

 

 

But it’s just $1.00 because they’re agreeing to assume Dish’s BILLIONS of dollars in debt.

 

 

The deal hasn’t officially closed yet.  There are still a few hurdles . . . including Dish bondholders accepting a reduced debt deal.

 

 

Customers probably won’t experience any big differences . . . at least at first.  DirecTV says they don’t have any plans to make changes to the existing Dish brands, for better or for worse.

 

 

(CNN Business)



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