• Bloomberg Businessweek, Friday, October 14, 2011 4:10 PM

Though Dish Network's efforts to buy Hulu were just foiled,  the company has spent $3 billion this year on acquisitions (including buying Blockbuster) in its campaign to  "transform Dish from a pay-TV provider to a wireless mobile video company that can take on both traditional cable rivals and online services such as Netflix," write Alex Sherman and Ronald Grover.

"I don’t think we’re just a satellite TV company anymore,” says CEO Joseph P. Clayton. “Given the assets we’ve been accumulating, I don’t think it’s hard to see we’re moving in a different direction from simply pay-TV, which is a market that’s becoming increasingly saturated.”

What's next? "Dish may look at partnering with or acquiring a wireless company," per Clayton.

Read the whole story at Bloomberg Businessweek »