EchoStar Posts Loss of Dish, Gain of Sling TV Subs in Third Quarter, Raises $5.2B in Fresh Capital
In contrast to its loss of 64,000 pay-TV subscribers a year ago, EchoStar reported a decrease of only 43,000 pay-TV subscribers during the third quarter this year, as per statements made on Tuesday. This reduction comes after it announced its plan to sell Dish and Sling TV businesses to DirecTV, aiming to form a new powerhouse in the pay-TV industry.