Charlie Ergen, the founder of satellite TV company Dish, is stepping aside as CEO to focus on the company's wireless business. The new CEO, Dish Network Corp. president Erik Carlson, will report to him. Jefferies analyst Scott Goldman said Tuesday's announcement may be a sign that Dish will build that wireless network. Dish's satellite TV business has been shrinking as consumers "cut the cord" on traditional TV. Ergen has stepped away from the CEO role at Dish before, in 2011 .

Source: ABC News December 05, 2017 17:18 UTC