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    HBO orders 2 new seasons of Axios news series

    By SHOOTUpdated:No Comments1781 Views
    This image released by HBO shows Jared Kushner, a senior adviser to President Donald Trump, in a scene from the documentary series "AXIOS," returning for a four-episode season on Sunday, Oct. 20 on HBO. (HBO via AP)
    NEW YORK (AP) --

    HBO has ordered two new seasons of its Sunday night news program modeled after the Axios website, which has produced newsmaking interviews with presidential son-in-law Jared Kushner and business leaders Elon Musk and Tim Cook.

    The decision, announced on Tuesday, means 12 episodes each year in 2020 and 2021.

    "Axios on HBO" wraps up its second season with four new episodes that begin on Oct. 20.

    Axios' daily newsletter concentrates on politics, business and technology with an emphasis on brevity, which producers Matthew O'Neill and Perri Peltz use as models for the TV show.

    "We are a documentary news series," Peltz said. "It allows us a glimpse into a story or a person that you wouldn't traditionally have on a straight news broadcast."

    HBO turned to Axios for a news series after its deal for a daily news show produced by Vice was not renewed.

    O'Neill and Peltz both have a background in documentary work with HBO. O'Neill made "Baghdad ER" for the pay cable service and Peltz made "Warning: This Drug May Kill You."

    Tags:AxiosAxios on HBOHBO



    DirecTV calls off acquisition of rival Dish, possibly ending a yearslong pursuit

    Friday, November 22, 2024
    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

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