• The Hollywood Reporter, Tuesday, May 17, 2011 3:30 PM

Satellite TV giant Dish Network founder is stepping down from his post of president and CEO to focus on the role of chairman instead. Former Sirius Satellite Radio boss Joseph Clayton has been named president and CEO, effective June 20.

"Wall Street analysts in first reactions suggested Ergen likely wants to focus on bigger-picture issues and the strategic vision for Dish after the recent acquisition of video rental firm Blockbuster, a patent litigation settlement with TiVo and the acquisition of a broadband provider that has had industry observers guessing about Ergen's longer-term strategy," writes The Hollywood Reporter's Georg Szalai.

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