Advanced Television

Dish Network

EchoStar facing more shareholder allegations

EchoStar – already facing complaints from some shareholders over how owner Charlie Ergen restructured the DISH Network broadcasting business into a new operation – is facing another major legal hurdle which, this time, is the US Senate. Investment fund manager Buxton Helmsley Grp (BHG), which has holdings in EchoStar, has written to US Senators Elizabeth […]

March 12, 2024By Chris Forrester

Dish Network’s Kelly quits

Dish Network’s head of retail cellular and an EVP at the company, Michael Kelly, has resigned after less than a year in position. Dish, now a subsidiary of EchoStar, said in a statement that Kelly had resigned and that CEO Hamid Akhavan would run the division and lead strategy and key day-to-day operations for the […]

February 22, 2024By Chris Forrester

EchoStar scraps second debt plan

EchoStar’s highly contentious plans to raise cash by issuing and restructuring its debts, which received significant objections from creditors, has been abandoned. It is the second time in two weeks that Dish Network’s parent EchoStar has scrapped a controversial proposal to restructure debt after creditor backlash. The satellite TV provider announced on February 12th the […]

February 13, 2024By Chris Forrester

Dish Network scraps debt plan

EchoStar, which now includes most of the former Dish Network assets, has scrapped one of its controversial debt swap proposals. Dish, says EchoStar, “in its sole discretion” had decided to abandon the plan. EchoStar has confirmed that its Dish subsidiary has ended an offer announced two weeks ago to swap more than $6 billion (€5.5bn) […]

February 1, 2024By Chris Forrester

Creditors hit Dish with “illegal” allegations

More detail has emerged on the news that a number of Dish Network creditors have written to the company alleging that the Charlie Ergen-backed pay-TV broadcaster engaged in an “illegal” restructuring when it – in effect – merged with EchoStar. They are demanding that the merger be reversed. This is unlikely to happen so the […]

January 23, 2024By Chris Forrester

Dish cuts 157 staff

Having already announced in November 2023 that 499 staff would be let go, newly merged EchoStar is laying off another 157 workers. The staff will be paid until March, said a company announcement. Dish Network and EchoStar, both based in suburbs of Denver, Colorado, merged on December 31st 2023. The news was filed to local […]

January 15, 2024By Chris Forrester

Ergen seeks $4.9bn swap of new bonds

Charlie Ergen’s EchoStar is reportedly looking to swap around $4.9 billion (€4.4bn) of debt for new bonds that will be backed by the company’s extensive portfolio of 5G wireless spectrum. The plan was announced after the market closed on January 12th and in essence said that holders of existing convertible debt – already significantly downgraded […]

January 15, 2024By Chris Forrester

Dish Network, EchoStar merger wraps

Nasdaq has received a Delisting Notice saying that US pay-TV operator Dish Network is no longer trading in terms of its shares, effective December 29th 2023. Dish, along with its ‘sister’ company EchoStar, both majority controlled by founder Charlie Ergen, are in the process of merging and the actual merger was expected to happen on […]

January 2, 2024By Chris Forrester

$25.5m DISH copyright infringement case

The International Broadcaster Coalition Against Piracy (IBCAP) has confirmed the filing of a complaint in the Eastern District of New York against ten defendants operating the Glo TV service, as well as Massive Wireless, a New York retailer, its CEO and director, and Rays IPTV, a California distributor and retailer, and its CEO. The lawsuit […]

December 14, 2023By Colin Mann

Fox Weather on DISH Network, Sling Freestream

Fox Weather, Fox News Media’s free ad-supported streaming television (FAST) weather service, has expanded its distribution in the US to include DISH Network and Sling Freestream subscribers effective immediately. Sharri Berg, Fox Weather President, commented: “As we continue to grow our premium live weather news service, we are thrilled to expand Fpx Weather’s reach to […]

November 29, 2023