Dish Shares Fall on Sling TV Announcement

Stock down more than 3% as analysts punch holes in OTT launch
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Dish Network shares fell more than 3% Monday as some analysts punched holes in the satellite giant’s new over-the-top video service, Sling TV.

The much awaited service, unveiled at the Consumer Electronics Show in Las Vegas Monday, is a $20 per month package of 12 channels that includes ESPN, TNT, TBS and Food Network.

Dish shares fell as much as 3.1% in early trading Monday to $70.06 (down $2.21 each). The stock was trading at $70.41 per share in the late afternoon, down 2.6% or $1.86 each.

For the full story go to Multichannel.com.

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