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Dish Loses 10,000 Subs In Second Quarter
(July 20, 2012)
-- Dish Network yesterday disclosed that it lost 10,000
subscribers in the second quarter, far fewer than what Wall
Street analysts estimated.
Bloomberg News reports that Wells Fargo analyst Marci Ryvicker estimated that Dish would lose 119,000 subscribers in the second quarter. Doug Mitchelson, a Deutsche Bank analyst, estimated a loss of 115,000.
The analysts were projecting bigger losses due to increased competition in the TV provider category and the continued sluggish economy. But the analysts said after the Dish report that the lower sub decline is a sign that the satellite TV service is turning around its video business.
However, the second quarter results do not reflect the loss of AMC and its two sister networks, WE TV and IFC. Dish dropped the channels on July 1 when it could not reached a new agreement with AMC Networks.
Dish now has 14.1 million subscribers.
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