DISH slow Q4
February 28, 2008
DISH Network said it added about 85,000 net new subscribers in the quarter, giving the company about 13.78 million subscribers at the close of December. In fourth quarter 2006, the company reported about 350,000 net new subscribers. CEO Charlie Ergen called fourth quarter results for the DBS service “disappointing,” blaming sluggish economic conditions and intense competition for generating lackluster numbers during the three-month period.
DISH Network reported total revenue of $2.89 billion for the fourth quarter, a 12 percent increase compared to the $2.58 billion for the same period in 2006. Fourth quarter net income was $175 million, compared with $153 million for the same period in 2006.