Dish Network Second-Quarter Financials Decline
The satellite TV firm, led by chairman Charlie Ergen, confirmed it lost only 10,000 subscribers as pre-announced last month.
Charlie Ergen's Dish Network on Wednesday reported lower second-quarter financials as it confirmed lower subscriber declines than in the year-ago period.
The satellite TV company posted a profit of $226 million, down 33 percent from the $335 million recorded in the year-ago period.
Revenue of $3.57 billion was down slightly from $3.59 billion in the year-ago period. At the same time, expenses, including subscriber acquisition costs driven by higher subscriber advertising and promotion spending, rose.
Dish also cited "higher programming costs, increased advertising associated with our Hopper set-top box and $68 million of depreciation expense."
Last month, Dish announced that it lost 10,000 pay TV subscribers in the second quarter, well below the 135,000 it had lost in the year-ago period and below analyst projections.
- Scarlett Johansson, Lupita Nyong'o in Talks for Disney's 'Jungle Book' (Exclusive)
- Bryan Singer Breaks Silence on Abuse Claims: 'Outrageous, Vicious and Completely False'
- The Scene and Stars at the Tribeca Film Festival (Photos)
- Summer Movie Preview: Will Godzilla or Spider-Man (Or Angelina Jolie?) Dominate Your Cineplex?
- MOST SHARED
- MOST POPULAR
- Echoes Of The Outlaw Roadshow: Talking with Counting Crows' Adam Duritz and Toad The Wet Spocket's Glen Phillips
- Smells like Nostalgia: A Look at the Nirvana Rock and Roll Hall of Fame Induction
- Netflix Joining Programming Lineup Of 3 U.S. Cable-TV Services
- 'Grey's Anatomy' Recap: No Good News in 'Change of Heart'
- Cameron Diaz, Leslie Mann, & Kate Upton Attend Final 'Other Woman' Screening!
- Kristin Chenoweth & Jane Krakowski: Broadway Babies at 'Cabaret' Opening Night!
- Kate Middleton & Prince William Make Last Stop on Australia Trip
- Khloe Kardashian Endorses the Messy Bun Hairstyle, Wears Her Hair Down Instead