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Dish Network, Sling TV parent company prepares bankruptcy filing


This is a chapter 11 bankrupcy that is being filed in this report.



Dish DBS, the parent company of pay television providers Dish Network and Sling TV, is preparing a Chapter 11 bankruptcy filing that could be announced as soon as this week, according to a report published on Monday.

The report, from the Wall Street Journal, said the filing comes as Dish DBS struggles to make debt repayments amid ongoing churn in its traditional and streaming TV businesses. Several law firms have been tapped to advise Dish DBS on the bankruptcy filing.

Dish DBS operates as a subsidiary business of Echostar Corporation. In addition to its pay TV services, Dish DBS includes wireless provider Boost Mobile.
 


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