EchoStar Corporation’s satellite television subsidiary Dish DBS is set to file for Chapter 11 bankruptcy protection as early as Tuesday, marking a significant step in the company’s long-running effort to restructure its heavy debt load amid declining traditional pay-TV subscribers and ongoing regulatory challenges…
Looks like they’ll beat Corus into bankruptcy, only because the CRTC hasn’t yet decided to reject Corus’ recapitalization plan on behalf of the minority shareholders who hold “10 Million Shares!” never mind that represents a mere $400k CDN in value, and they want to hold up a $500 million recapitalization plan on the basis that the people offering to take the haircut aren’t media people.
What you write is what’s known as the Corus Enterttainment/Global TV Death Watch (*TM)
Traditional TV broadcasting is dying.
Cable is the canary.
Yup.
Good riddance