Dish Network Q4 profit rises, subs fall
March 3, 2009
Dish Network has reported its fourth-quarter profit rose 24 per cent, but the second placed US DTH provider lost more than 100,000 subscribers.
Dish Network earned $217 million for the three months ended December 31st, up from $175 million a year earlier. Sales rose 1 per cent to $2.92 billion from $2.89 billion.
During the quarter, the company says it lost 102,000 subscribers, leaving the company with 13.68 million subscribers at December 31st. This is a drop of almost 1 per cent from the 13.78 million customers it had at the end of 2007.
Dish Network cited a number of factors for the drop, including the economy, aggressive promotional moves by competitors to get and keep subscribers, competitive marketing and the rise of fibre-based and Internet-based video companies.