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Dish Loses 10,000 Subs In Second Quarter
By Swanni
Washington, D.C.
(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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