NEW YORK (Reuters) - provider of television by Satellite Dish Network Corp. said Monday that Joseph Clayton will take as CEO, replacing billionaire Charlie Ergen, who will remain Chairman.
Clayton, 61, said the strategy in the long term of the flat is always evolving, but it is to provide the video as well as tap into the new capabilities of the company's broadband.
Dish Network and its sister company, EchoStar, have been a frenzy of buying led by Ergen, 58. EchoStar said in February that it would buy Hughes communications, a satellite communications company.
In April, flat won Blockbuster Inc. in the auction of the bankruptcy of $ 320 million. Earlier this year, flat said that it would expand its spectrum to broadband through the acquisition of DBSD North America.
"It must be assumed that the video should be part of (the dish strategy) and that data would be party because we bought just Hughes, who has capacity to broadband," said Clayton. in an interview.
"The analysis is still done, but you have to assume that we would be interested in digital distribution," Clayton added, referring to the assets of Blockbuster. He said that it was too early to say if flat would be closing down some of the Blockbuster retail stores.
With Clayton oversees day-to-day activities, Ergen can focus on the strategy of the flat shape.
"(Ergen) need more time to focus on the future, the vision and the base of the asset," said Clayton.
Clayton has worked closely with Ergen since 2008 as a member of the Council of EchoStar Corp., where Ergen is also President. Clayton has been President of Sirius from November 2004 to July 2008 and Director-General from November 2001 to November 2004. SIRIUS is another company with a business model focused on subscription.
"Clayton is a good choice," said Kaufman Bros Analyst Todd Mitchell, referring to the experience of the Executive with the provider of Sirius satellite radio, which later merged with XM Radio.
Ergen is still the largest shareholder of flat and "there is no doubt that the dish is still her baby", Mitchell said.
Flat said last quarter it had doubled its profit, beats Wall Street expectations, and that she had reached 14.1 million subscribers.
Clayton joins board of the dish on 20 June.
(Other reports by maris Khanzodel, editing by John Wallace and Maureen Bavdek and Carol Bishopric)
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