The latest deal in cable: AT&T paying $67 billion, including debt, for DIRECTV, is being billed as a way to remake the delivery of video entertainment to customers. However, the latest deal in the industry may already be behind the eight ball as technology moves on and rivals also catch M&A fever, like the Comcast-Time Warner Cable $67 billion deal with a side spin-off of systems to Charter Communications for one. Left out of the big deals so far has been Dish Network, but that likely won't last long, not with its ambitious CEO, Charlie Ergen, at the helm, who might oppose the latest deal.

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