From CNBC: 2024-09-30 16:08:06

Dish’s “Seinfeld” strategy, reminiscent of the show’s disappointing finale, led to its acquisition by DirecTV for $1, with $9.75 billion in debt. The pay-TV provider struggled against streaming services and lost 63% of subscribers since 2016. EchoStar CEO cited industry decline as reason for the merger. Dish’s wireless aspirations, like Seinfeld’s ending, fell short due to lack of capital and focus.



Read more at CNBC: EchoStar’s Dish sale marks disappointing end to Ergen’s strategy