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.