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Dish Network (DISH) Stock Up Despite FCC Ruling

NEW YORK (TheStreet) -- Shares of Dish Network (DISH) are up by 0.91% to $53.01 in mid-afternoon trading on Thursday, despite FCC Chairman Tom Wheeler's announcement that the agency won't write new rules to govern the fee disputes between pay-TV providers and broadcasters.

"What we need is not more rules, but for both sides in retransmission consent negotiations to take seriously their responsibility to consumers," Wheeler said in an e-mailed statement released Thursday afternoon.

Fighting between pay-TV providers and broadcasters over the cost of programming has picked up in recent years, and this decision acts as a win for broadcasters and a loss for cable and Dish TV, Bloomberg reports.

DISH has been fighting rising...


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