Dish Network sees drops

Dish Network has seen its third-quarter profits shrink 54% and its subscriber numbers decline for the second quarter in a row. Dish, the second largest satellite operator in the US, generated $92 million profit on $2.9 billion in third-quarter sales. That compares to $199.7 million profit on $2.7 billion revenue in the third quarter of 2007.

Dish Network lost about 10,000 subscribers during the quarter ended September 30th, dropping the company to nearly 13.8 million subscribers.

The company blamed much of the financial slide on much lower revenue from its securities investments.

Meanwhile, Dish Network has confirmed its' much anticipated DTVPal DVR will be available for pre-order in the US from November 19th with sales projected to begin in mid-December. The DTVPal DVR claims to be the only digital-to-analogue converter box sold in the US that offers digital video recording functionality.

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Posted by on Nov 12 2008. Filed under Articles, Broadcast, Business, DTH/Satellite, Results.

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