EchoStar profits fall as subs pick up
August 12, 2009
EchoStar and its spin-off Dish Network declared their half-yearly results with profits down but subscription numbers up.
EchoStar Corp, which operates the satellites more than doubled its profits in Q2 earning $101.8m (against $47.8m the same period last year). But the company's revenues fell 21% to $383m from $483.3m. The company blamed lower set-top box sales.
Meanwhile, on the pay-TV side the Dish Network gained 26,000 net new subscribers, the first rise in five quarters, helped by the June 2009 analogue switch-off of network broadcasting in the USA. Dish ended the half with 13.6m subs, down 1.3% on a year ago.
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