Dish loses subs
August 11, 2008
Although the subscriber loss meant lower installation costs for Dish, which helped lift its second-quarter profit above expectations, analysts said that the customer loss boded ill for the company's growth prospects.
Dish said it lost a net 25,000 subscribers during the second quarter. A year ago, Dish added 170,000 subscribers in the second quarter. The company blamed “weak economic conditions, aggressive promotional offerings by our competition” and heavy marketing of high-definition programming by its larger rival, the DirecTV Group.
The company's net profit rose to $335.9 million from $224.2 million a year earlier. Revenue rose 5.6 per cent, to $2.91 billion, during the quarter, helped by a rise in programming prices