Advanced Television

Dish proftis rise, subs drop

May 12, 2009

US satellite TV provider Dish Network Corp has posted better than expected quarterly profit, despite losing 94,000 subscribers. Net income rose to $312.7 million from $258.6 million a year earlier. Revenue rose 2.1 per cent to $2.91 billion.

Dish Network chairman Charlie Ergen, attributed the subscriber loss to the weak economic environment, as well as aggressive promotional pricing by its rivals, and the end of a distribution pact with AT&T earlier this year.

Dish, which competes for subscribers with local cable operators and its larger rival DirecTV Group, said its average revenue per user increased to $70.03 from $67.93, one year earlier.

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