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Dish CEO: Sling won't affect core business

Dish Network's new Sling TV streaming service shouldn't affect the company's paid bundle, CEO Joseph Clayton told CNBC on Tuesday.

"We don't think it will lead to any cannibalization of our core business," Clayton said on "Power Lunch."

Speaking from the Consumer Electronics Show in Las Vegas, Clayton said millennials are an "ideal market that paid TV is missing today."

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Clayton spoke about the decline in the paid TV industry and said that "we have to invest in growth initiatives."

He wouldn't talk about the particulars in the agreement with ESPN but did say that "obviously they [ESPN] aren't doing it for free."

Despite a deadlock over a content agreement with Fox, Clayton said he expected to reach an "economic and amenable solution."