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Why Dish Network Stock Rose on Tuesday

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Mar. 28 2019, Published 8:04 a.m. ET

Dish Network’s stock price movement

Dish Network (DISH) stock gained 2.97% on Tuesday and closed at $31.54 after DISH announced a long-term carriage contract with Univision Communications, one of the largest Spanish-language broadcasters, after months of programming blackout. According to the agreement, Univision channels will immediately resume for DishLATINO and DISH customers.

DISH stock declined 3% in March but gained 26.3% in the year-to-date period as of March 26. DISH’s peers Discovery (DISCA), Comcast (CMCSA), and Walt Disney (DIS) gained 11.7%, 16.4%, and 0.5%, respectively, in the same period.

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Carriage renewal contract

Dish customers can now view Univision channels, which have been dark since June 2018 for Dish in regions of the US with high Hispanic-American populations. The deal was extremely crucial for Dish Network, as the company has been serving the US Hispanic community for the past 20 years.

DISH’s carriage contract follows the agreement between AT&T (T) and Viacom (VIAB) to avert a blackout of Viacom’s stations including MTV and Comedy Central for AT&T’s DIRECTV users. AT&T’s DIRECTV and its streaming service DIRECTV Now carry 17 of Viacom’s channels, while its U-verse service carries all 23 Viacom channels.

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