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Welcome back we -- continuing our exclusive conversation here at the Milken Institute with DirecTV chairman and CEO Mike White.
Very strong Latin American business.
Would you ever consider it's growing it's -- would you ever consider splitting the two DirecTV US DirecTV Latin America.
You never say never to anything in a changing world but not for the foreseeable future I think we're the best parent for that business.
Not only are we providing cash.
But also all the technology works off of the same principles -- the same team I mean the same engineering organization supports both Latin America and the US.
All of that technology.
Is shared across the organization and I think it's vital for that business -- in and helps us in the US we're learning from them to about how to serve lower income consumers.
I have to get to the dish TV.
Merger rumors that pops up all the time I just haven't had an opportunity to talk to -- -- -- -- -- about it.
I've talked to you now and I've really looked to know is that it's still at least a possibility and what they're be synergies what you.
Of course it would be synergies but it would have to be approved by the federal government and it would have to be something both companies were interested in frankly right now.
From the last -- -- -- -- is focused on other things and other companies.
And our focus -- on our company and our business and our relationship with our customers and how we make it better for the future.
Whether it's the customer relationship or whether it's the technology that's where we're focus to be honest.
I know you're in a quiet period so I will show respect and identity but why with that the cast that you have and you continue to do share buybacks.
Why not get the dividends.
Well you don't share buyback -- worked very well for us first of all we're buying back double digit percents of our shares not tiny tiny amount -- our billions last quarter's end -- so as I've.
Looked at and frankly a dividend is pretty tax inefficient.
In there's a lot of friction if you think gonna go reinvest it and -- investment management fees.
Our investors and I talked to them all the time mostly -- pretty happy with the strategy for returning capital through share buyback.
You never say never but frankly with the cost of debt and I think our strategy over the last three years of shrinking our.
Our stock basis -- Really good for our and the stock is up by the way 16%.
Year over year as we finish you within a vocal member of the fix the debt.
Plan and program with a bunch CEOs do you feel you've made any not you particularly with the whole team any inroads in what we're seeing with the -- of this nation.
Like I think it's a long term journey and I think none of us want to -- and I think most of us have tried to stay very nonpartisan and then.
We look at our kids in our grand kids in there is no way you can pay out all the promises that have been made to my generation I'm a baby boomer.
Okay and make the math work OK so if this is -- And we're trying to encourage both sides.
To find a way to kind of work money longer term because it's really not about the short term it's about the long term -- And how are you going to adjust and frankly my own view is the sooner you get on it.
The less painful those adjustments on our end from a political and -- social standpoint -- -- -- -- Well we hope that you as a business voice -- and continue and -- and persist on that level thank you very much -- was pretty -- quite as the chairman.
And CEO of DirecTV in a Fox Business exclusive thank you very much -- news making interview we'll put it all -- on foxbusiness.com.
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