Dish Swings to Third-Quarter Loss Amid AMC Networks Litigation Costs
he satellite TV company lost 19,000 pay TV subscribers in the latest period, compared with a year-ago loss of 111,000.
Satellite TV operator Dish Network on Tuesday said it has swung to a third-quarter loss as it lost fewer pay TV subscribers, but booked $730 million in expenses for its recently settled AMC Networks litigation. It also recorded higher programming costs and increased advertising associated with its controversial Hopper set-top box.
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The company, led by chairman Charlie Ergen, posted a loss of $158.5 million, compared with a profit of $319 million in the year-ago period. Revenue declined from $3.60 billion to $3.52 billion.
Dish said it lost 19,000 TV subscribers in the latest period, ending September with a total subscriber base of 14.04 million. In the year-ago period, the company had lost 111,000 subscribers.
Read the rest at http://www.hollywoodreporter.com/news/dish-third-quarter-loss-litigation-expense-401928
he satellite TV company lost 19,000 pay TV subscribers in the latest period, compared with a year-ago loss of 111,000.
Satellite TV operator Dish Network on Tuesday said it has swung to a third-quarter loss as it lost fewer pay TV subscribers, but booked $730 million in expenses for its recently settled AMC Networks litigation. It also recorded higher programming costs and increased advertising associated with its controversial Hopper set-top box.
our editor recommends
The company, led by chairman Charlie Ergen, posted a loss of $158.5 million, compared with a profit of $319 million in the year-ago period. Revenue declined from $3.60 billion to $3.52 billion.
Dish said it lost 19,000 TV subscribers in the latest period, ending September with a total subscriber base of 14.04 million. In the year-ago period, the company had lost 111,000 subscribers.
Read the rest at http://www.hollywoodreporter.com/news/dish-third-quarter-loss-litigation-expense-401928