In this Aug. 7, 2013 file photo, Charlie Rose, host of "Charlie Rose: The Week," takes part in a panel discussion during the PBS Summer 2013 TCA press tour at the Beverly Hilton Hotel in Beverly Hills, Calif. (Photo by Chris Pizzello/Invision/AP, File)
PHOENIX (AP) --
Charlie Rose, anchor of "CBS This Morning" and host of a weekly interview show on PBS, will receive the 2015 Walter Cronkite Award for Excellence in Journalism from Arizona State University's Cronkite School.
The university announced Monday that Rose will receive the award during an Oct. 19 luncheon in Phoenix.
Rose said in a statement released by the university that he treasures the award from the school located in downtown Phoenix partly because it honors Walter Cronkite, the late longtime CBS News anchor whom Rose said was "the constant connection to our world."
A North Carolina native, Rose is a graduate of Duke University with a bachelor's degree in history. He also has a law degree from Duke.
Dish Network satellite dishes are shown at an apartment complex in Palo Alto, Calif., Feb. 23, 2011. (AP Photo/Paul Sakuma, File)
DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company.
The deal was reliant on Dish bond holders agreeing to trade in the debt they held for debt in the new company, a swap that would have cost them about $1.6 billion, collectively.
The retreat by DirecTV this week may end a years-long effort by the company to acquire both Dish and Sling after it announced the bid in September.
DirecTV was looking to acquire Dish TV and Sling TV from its owner EchoStar in a debt exchange transaction that included a payment of $1, plus the assumption of approximately $9.8 billion in debt. The deal was contingent on several factors, including regulatory approvals and bondholders writing off debt related to Dish.
"While we believed a combination of DirecTV and Dish would have benefited all stakeholders, we have terminated the transaction because the proposed exchange terms were necessary to protect DirecTV's balance sheet and our operational flexibility," DirecTV CEO Bill Morrow said in a statement.
The prospect of a DirecTV-Dish combo has long been rumored, and reported talks resurfaced over the years. And the two almost merged more than two decades ago — but the Federal Communications Commission blocked the deal valued at the time at $18.5 billion deal, citing antitrust concerns.
The pay-for-TV market has shifted significantly since. As more and more consumers tune into online streaming platforms, demand for more traditional satellite entertainment continues to shrink.
DirecTV says that it will continue to invest in next-generation streaming platforms and offer new packaging options while integrating content from live TV alongside direct-to-consumer... Read More
