CEO Of Dish Network Parent EchoStar Gauges Bankruptcy Risk, DirecTV Merger Prospects After Company Posts Spotty Q1 Results And Stock Falls
DISH Network (DISH) Deadline·2024-05-09 02:27
Shares in Dish Network parent EchoStar have fallen more than 11% after the company’s lackluster first-quarter earnings report and growing uneasiness about the company’s financial state. Hamid Akhavan, the head of EchoStar since March 2022 who added the CEO duties at Dish last November as the companies were getting set to close their merger, presided over a call with Wall Street analysts. Charlie Ergen, who founded and ran Dish and is now EchoStar’s executive chairman, was not present for the call. Akhavan ...