Pat the chicken dry with paper towels and season with salt and pepper. Set aside.
In a sauce pan that is large enough to accommodate all the chicken, heat up the bacon and pancetta and cook until browned, 5-8 minutes. Add the onions, carrots and garlic for one minute.
Push the vegetables and pancetta/bacon to the side and brown the chicken thighs, 5-10 minutes on each side.
Mix the wine, broth and tomato paste together in a bowl and pour over the chicken. Add thyme, bring to a simmer and cover. You really only need to cook for about 20-30 minutes, but you would not harm the dish if you were to cook it longer. Serve over egg noodles or rice.