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Tuesday, 6/30, 09:43 AM
EchoStar's Dish Heads Into Bankruptcy to Restructure Its Pay-TV Debt
- EchoStar's satellite-TV arm, Dish DBS, is moving into Chapter 11 bankruptcy to restructure roughly $10 billion of debt, after missing a $183 million interest payment this month.
- It's a landmark in the slow collapse of pay-TV — though, crucially, a planned restructuring already backed by most of Dish's creditors.