EchoStar Communications' stock got beaten up this week after News Corp. chairman Rupert Murdoch said the two companies were not in merger discussions, reports
Multichannel News. Shares of
EchoStar had been climbing in speculation that News Corp., which controls DirecTV Group, would attempt the merger. Then comments from DirecTV CEO Chase Carey to the effect that the regulatory
environment was softening to such a possibility fueled the fire. But Murdoch threw water on it on a call discussing the company's fourth-quarter financial results. "We've had no negotiations at all,"
Murdoch says. "We've had a few friendly conversations, but there is nothing to report."
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