Even by the standards of media dealmaking, this is an astonishingly convoluted deal, featuring highly sophisticated players — TPG and Charlie Ergen — who, despite being on opposite sides of the table, are teaming up to get concessions from an equally sophisticated group of bondholders.
Felix Salmon is the Chief Financial Correspondent for Axios and the host of Slate Money. With a focus on finance and economics, Felix's work has appeared in various publications such as Slate Magazine, Flipboard, artnet, and the Boston Globe Technology. He is also the author of the book "The Phoenix Economy," set to be released on May 9, 2023.