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Giant satellite TV company files Chapter 11 bankruptcy
The proliferation of consumer "cord-cutters" has caused economic distress for the satellite television services, such as Dish Wireless, forcing restructurings and bankruptcies as the percentage of households subscribing to satellite TV…
Summary
The proliferation of consumer "cord-cutters" has caused economic distress for the satellite television services, such as Dish Wireless, forcing restructurings and bankruptcies as the percentage of households subscribing to satellite TV services continues to decline as they switch to streaming services. EchoStar Corporation, which owns Dish Wireless satellite TV service, reported a net loss of 366,000 paid subscribers in the quarter ended March 31, 2026, with a total of 6.63 million subscribers, Cord Cutters News reported. The company had lost 381,000 subscribers in the same quarter in 2025.
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