22 July 2004 | The Hollywood Reporter - Movie News | See recent The Hollywood Reporter - Movie News news »

EchoStar Communications Corp. said Wednesday that chief financial officer Michael McDonnell is resigning effective Aug. 13 for personal reasons. Separately, the company's subsidiary, EchoStar DBS Corp., plans to sell $1 billion of 10-year senior notes in the junk bond market, sources said Wednesday. The notes are expected to be priced Wednesday and will be rated "Ba3" by Moody's Investors Service and "BB-minus" by Standard & Poor's, the sources said.

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