Shares Of Dish Network Owner EchoStar Plunge As Q2 Results Prompt New Talk Of Bankruptcy Risk
The stock was off 10% at mid-day, trading at around $15. CEO Hamid Akhavan said constructive discussions were ongoing with debt-holders. As it continues to push toward wireless, the company is seeing video losses accelerate. EchoStarPhoto Illustration by Rafael Henrique/SOPA Images/LightRocket via Getty Images Dishs satellite business is in free fall, Moffett wrote. Neither part of that story is working. Wed love to raise the money, and as soon as possible, he said....