Echostar’s head, Charlie Ergen, can thank Chris Ruddy for Newsmax’s head for his meeting with President Trump, and maybe he has known that the Dish Network’s parent company, according to money.
The Pow-Wow, reported by Bloomberg last week, provided a lifestyle to the telecommunications supplier fighting against Ergen, with the Federal Communications Commission to take advantage of the company’s spectrum in the midst of extensive investigation.
Telecommunications executives have been scratched their heads on why Trump would entertain Egen, a controversial figure in the telecommunications circles known to spread the contributions of the campaign mainly to the Democrats.
What has not been reported is that Ruddy had an instrumental role to configure Trump Confab, which, from now on, seems to have delayed or ended with a major FCC action, they said sources about money.
The president agreed to meet with Egen after Ruddy assured Trump that Egen has never searched the conservative program at his dishes satellite service, according to people close to the matter.
Ruddy also argued Trump that Egen has donated to prominent Republicans over the years, and added sources.
Arrived on the phone, Ruddy refused to comment, but confirmed his participation in this topic.
A spokesman for the White House had no comment. A press officer for Ergen did not return a comment request.
Ruddy and Ergen have been near for years, as the Dish Ergen satellite network began running the Newsmax program in its training years.
The former New York Post reporter founded the conservative Media Outlet in 1998 as a magazine. In recent years, it has evolved to a significant presence in the provision of digital news and the television programming with law.
Newmax recently completed an initial public offer for $ 10 per action before their stock increased to $ 223. Has set up to $ 13.
In recent weeks, Egen had tried to meet with Carr, but for nothing, until Ruddy’s participation, according to people who were aware of the matter.
The start that was arranged with Ruddy was a separate meeting with Brendan Carr, the Trump FCC chair.
Carr did not respond to a comment request.
Echostar’s shares have increased almost 50% from meetings between White House and Egen.
Last month, the Agency initiated an investigation into whether Egen has been doing enough to create a significant wireless network and fulfill the deadlines to become a competitor for companies like Verizon and AT&T.
The FCC could seize these licenses if it is found that ERGEN has not taken the necessary measures to use their network.
If the FCC seized Ergen’s spectrum, it would probably lead to an echostar bankruptcy.
According to published reports, Echostar had considered a submission of bankruptcy of Chapter 11 in the midst of the uncertainty of the FCC probe.
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