EchoStar, as expected, has filed for a chapter 11 prepack restructuring in order to cut debt and speed up restructuring of Dish DBS, its US pay-TV broadcaster. Dish DBS filed a prepackaged chapter 11 bankruptcy in Houston on June 30th, seeking court approval for a restructuring plan backed by creditors holding more than 88 per […]
US satellite pay-TV provider Dish DBS is preparing for a bankruptcy filing, possibly today (June 30th). The move is designed to settle the broadcaster’s debt burdon and end litigation from shareholders and others, according to the WSJ. EchoStar, which also owns Dish TV and Boost Mobile, has been struggling with $25 billion (€21.9bn) in debt […]
EchoStar’s steady decline in pay-TV subscribers continues. The Denver-based company’s Q1 numbers saw the operator lose 177,000 subscribers in its satellite TV Dish business in the US, and 189,000 in its Sling TV segment. EchoStar ended the quarter with 4.84 million Dish customers and 1.79 Sling TV subscribers. At the end of Q1 2025 it […]
EchoStar has confirmed that it is in discussions with its Dish debt-holders in a move to reduce its financial obligations. The debt-holders control 82 per cent of the debt securities issued by Dish, the EchoStar pay-TV subsidiary. The agreement being negotiated adds financial flexibility and strategic optionality for the company, including increased flexibility to engage […]
EchoStar has paid down $1.8 billion (€1.5bn) in debts owned to various creditors. The payments settle 82 per cent of the debts incurred by EchoStar and its Dish direct-to-home pay-TV operation. More than 96 per cent of stakeholders supported the plan. As a result, DISH DBS now faces no long-term debt maturities until July this […]
Hemisphere Media Group and Entravision announced a strategic partnership to launch WAPA Orlando, a new full power broadcast television station with programming to serve the Orlando–Daytona Beach–Melbourne DMA. WAPA Orlando started broadcasting today on Entravision’s WOTF (Channel 26). Powered by Entravision’s local broadcasting expertise, WAPA Orlando will be carried by multichannel video programming distributors throughout the Orlando–Daytona […]
Satellite TV has been a game-changer for homes in even the most remote areas in America. What used to be a frustrating experience with limited channels and routine outages has turned into a highly smooth and interactive one, thanks to providers like DISH and DirecTV. Both these providers are leaders in the satellite TV space, […]
Financial discussions about a potential merger between the two declining DTH operators over North America could be on again. Indeed, those discussions have gone on for years and despite changes in ownership of DirecTV and enthusiasm from Charlie Ergen, founder of EchoStar/Dish Network, have come to nothing. But comments last week within Investor’s Business Daily […]
Charlie Ergen, founder and chairman of the EchoStar/DISH combination, is reported to be negotiating with some of the company’s bond and debt-holders for extensions to its debt payment obligations. However, some debt interest payment obligations have – or are about to be – met. But there are still challenges. For example, the FCC is pushing […]
Charlie Ergen’s EchoStar share price rocketed 43 per cent on June 13th on news that Donald Trump has intervened with FCC chair Brendan Carr over the dispute between the FCC and EchoStar. June 16th saw EchoStar’s share price (Nasdaq:SATS) finish the day at $25.11 (€21.72). A week ago they were $15.99. In a nutshell, the […]