Liberty Media Corp., the controlling shareholder of DirecTV Group Inc., said Monday that a merger with Dish Network Corp. would be "problematic" since the regulatory climate that felled a previous attempt at combining hasn't changed."It would be very synergistic if it were doable. However, we don't see that the regulatory environment has changed since the last time we made comments on the subject," said Liberty Chairman John Malone in a conference call with analysts.
"We think it would be problematic to try and merge the two companies in the current regulatory environment," he added.
The Wall Street Journal reported last week that Englewood, Colo.-based Dish is again considering a merger with DirecTV, encouraged by last month's regulatory approval of a combination between the nation's only two satellite radio companies, Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc.
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