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See part two of this article:
Charlie Ergen speaks out on HDTV.

News

Dish Network Lost 25,000 Subs In 2Q
But the satcaster says profits are up thanks to increase in sales of HD boxes.
By
Swanni
 
Washington, D.C. (August 4, 2008) -- Dish Network said today that it lost 25,000 net subscribers in the second quarter, but increased revenue due to sales of high-def related products and services.

In releasing its second quarter report, the satcaster said net income rose to $336 million, compared to $224 million a year earlier. Overall revenue jumped 5.6 percent to $2.91 billion.

The company said the revenue increase was driven by sales of higher-cost receivers with multiple tuners, HD receivers and HD DVRs.

However, Dish said the 25,000 drop in net subscribers brought its overall total to 13.79 million. The company blamed the decline on the poor economy and stiffer competition from other TV providers.

The report is the second straight quarter of bad news for subscriber totals for the nation's second leading satcaster.
Dish Network said in May that its first quarter subscriber growth dropped almost 89 percent compared to last year.

The satcaster said it added 35,000 net subscribers in the first quarter, compared to 310,000 in the same period last year.

See Part Two: Dish's Charlie Ergen comments on HDTV, TiVo and other matters.

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Phillip Swann is president and publisher of TVPredictions.com. He has been quoted in dozens of publications and broadcast outlets, including CNN, Fox News, Inside Edition, The New York Times, The Washington Post, The Chicago Tribune, The Financial Times, The Associated Press and The Hollywood Reporter. He can be reached at swann@tvpredictions.com or at 703-505-3064.

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