TMT

The company has become an attractive acquisition target as global media companies seek to expand premium intellectual property and production capabilities to compete with streaming platforms.

FCC Chair Brendan Carr said the agency will vote to eliminate the national television ownership cap, allowing the FCC to approve transactions that exceed the current 39 percent audience reach limit.

The filing follows delays in the company's planned $23 billion wireless spectrum sale to AT&T, which left Dish unable to repay $2 billion of senior secured notes that matured on July 1.

The transaction will create two focused businesses centered on connectivity and media.

The combined company is expected to become the third-largest player in U.S. television by share of viewing.