Echostar

Denver

Revenue: $4 billion

Loss: $216 million

No. 2 satcaster EchoStar Communications and its leader Charlie Ergen have spent most of the past year in a stationary orbit as it tries to convince skeptical lawmakers and regulators to clear its $26 billion merger with Hughes Communications.

The controversial deal would create an 18 million-subscriber behemoth, effectively reducing the direct broadcast satellite television market to one dominant player. For many pols, that’s a frightening decline in competition, and a big loss for consumers. And as the odds of success for the satcasting tie-up continue to wane, EchoStar’s investors have been losing patience. After trading around $30 as recently as this spring, the company’s stock drifted down to as low as $13 in July.

More Scene

  • Issa Rae, Natasha Rothwell and Yvonne

    'Insecure' Season 3 to Introduce New 'Timely' Show Within The Show

    Revenue: $4 billion Loss: $216 million No. 2 satcaster EchoStar Communications and its leader Charlie Ergen have spent most of the past year in a stationary orbit as it tries to convince skeptical lawmakers and regulators to clear its $26 billion merger with Hughes Communications. The controversial deal would create an 18 million-subscriber behemoth, effectively […]

  • Ryan Murphy Pose

    Ryan Murphy on 'Showrunning as Advocacy' and the Post-Me Too 'Age of Enlightenment'

    Revenue: $4 billion Loss: $216 million No. 2 satcaster EchoStar Communications and its leader Charlie Ergen have spent most of the past year in a stationary orbit as it tries to convince skeptical lawmakers and regulators to clear its $26 billion merger with Hughes Communications. The controversial deal would create an 18 million-subscriber behemoth, effectively […]

  • 'The Sinner' film premiere

    Jessica Biel Closes Her Kid-Friendly Au Fudge Restaurant

    Revenue: $4 billion Loss: $216 million No. 2 satcaster EchoStar Communications and its leader Charlie Ergen have spent most of the past year in a stationary orbit as it tries to convince skeptical lawmakers and regulators to clear its $26 billion merger with Hughes Communications. The controversial deal would create an 18 million-subscriber behemoth, effectively […]

  • Comedy Converstion with L to R:

    Just for Laughs Festival Honors Tiffany Haddish, Hannah Gadsby, More

    Revenue: $4 billion Loss: $216 million No. 2 satcaster EchoStar Communications and its leader Charlie Ergen have spent most of the past year in a stationary orbit as it tries to convince skeptical lawmakers and regulators to clear its $26 billion merger with Hughes Communications. The controversial deal would create an 18 million-subscriber behemoth, effectively […]

  • Paul Krassner Memoir Illustration

    Paul Krassner on Resisting With Humor

    Revenue: $4 billion Loss: $216 million No. 2 satcaster EchoStar Communications and its leader Charlie Ergen have spent most of the past year in a stationary orbit as it tries to convince skeptical lawmakers and regulators to clear its $26 billion merger with Hughes Communications. The controversial deal would create an 18 million-subscriber behemoth, effectively […]

  • Just for Laughs Festival Montreal

    Just for Laughs Festival Is the Coachella of Comedy

    Revenue: $4 billion Loss: $216 million No. 2 satcaster EchoStar Communications and its leader Charlie Ergen have spent most of the past year in a stationary orbit as it tries to convince skeptical lawmakers and regulators to clear its $26 billion merger with Hughes Communications. The controversial deal would create an 18 million-subscriber behemoth, effectively […]

More From Our Brands

Access exclusive content