In this June 29, 2006, file photo, John Ramsey hugs his son, Burke, facing camera, at the graves of his wife, Patsy, and daughter JonBenet, during services for his wife at the St. James Episcopal Cemetery in Marietta, Ga. (AP Photo/Ric Feld, File)
BOULDER, Colo. (AP) --
A $750 million defamation lawsuit filed against CBS by the brother of JonBenet Ramsey has been settled.
The Daily Camera reports court records show that a Michigan Circuit Court judge on Wednesday dismissed the lawsuit filed by Burke Ramsey in December 2016.
The terms of the settlement have not been disclosed.
The lawsuit said that Burke Ramsey's reputation was ruined after a television series suggested he killed his 6-year-old sister more than two decades ago.
A spokesperson for producers of the TV program said in a statement that "an amicable resolution of their differences" has been reached.
An attorney for CBS declined to comment.
The beauty pageant star was found dead in the basement of her family's home in Boulder, Colorado, in December 1996. A prosecutor cleared her parents and brother.
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
