US satellite TV provider Dish Network Corp has posted better than expected quarterly profit, despite losing 94,000 subscribers. Net income rose to $312.7 million from $258.6 million a year earlier. Revenue rose 2.1 per cent to $2.91 billion.

Dish Network chairman Charlie Ergen, attributed the subscriber loss to the weak economic environment, as well as aggressive promotional pricing by its rivals, and the end of a distribution pact with AT&T earlier this year.

Dish, which competes for subscribers with local cable operators and its larger rival DirecTV Group, said its average revenue per user increased to $70.03 from $67.93, one year earlier.

Other posts by :

1. Crossroads backs AST SpaceMobile
2. FCC examines SpaceX’s 15,000 sat-constellation plan
3. EchoStar: “Severe uncertainty” led to spectrum sales
4. Netflix gets downgrade on Warner Bros move
5. UK trims Orbex investment
6. Euro-bank sets up €500m space fund
7. Revenue jump forecast for Eutelsat
8. Moody’s upgrades Eutelsat’s debt rating
9. Rivada Space Networks wins spectrum dispute

Categories: Articles, Broadcast, Business, DTH/Satellite, Results