Dish up 6%
Dish Network, the second-largest US DTH company, reported a better-than-expected 6 per cent growth in quarterly revenue due to higher net subscriber additions.
The company added a net 40,000 subscribers in the quarter ended March 31st. Subscriber additions improved as the rate of cancellations fell to 1.42 per cent from 1.47 per cent a year earlier. The company ended the quarter with 14.1 million pay-TV subscribers
Net income attributable to Dish fell to $175.9 million, from $215.6 million a year earlier as the company spent more on content and transmission.
Total costs and expenses rose about 8 per cent. The company said it expected the expenses to increase especially for acquiring content from local broadcast channels and on sports programming.
There have been reports AT&T is thinking of bidding for Dish as an alternative strategy to a merger with larger rival DirecTV.