NEW YORK (TheStreet) -- Dish Networks (DISH) - Get Report edged lower after Verizon Communications' (VZ) - Get Report chief financial officer said the carrier had no interest in a Dish buyout. Comcast (CMCSA) - Get Report rose slightly as its 'Jurassic World' raked in a strong performance at the box office on its release.
Dish Networks fell 0.51% to close at $72.25.
Industry watchers have been wondering whether Verizon Communications would make a buyout play for Dish, in a move to snag its treasure trove of wireless spectrum. But Verizon's CFO Fran Shammo toldThe Wall Street Journal on Monday that the carrier has no interest in a Dish acquisition and that if it truly wanted more spectrum, it would have acquired more at a government auction recently held.
Comcast inched up 0.14% to end the trading session at $58.34, on a day when the broader markets declined.
The cable company apparently got a lift as it became clear its weekend debut of its 'Jurassic World' movie was a strong box office performer. The movie set a new opening weekend record at the box office, generating more than $500 million worldwide.
It also trumped Disney's (DIS) - Get Report'Avengers: Age of Ultron' as the second-highest grossing film for an opening weekend in the U.S. The Avengers generated $207.4 million in 2012 in the U.S., while 'Jurassic World' brought in $209 million for its weekend debut.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.