EchoStar Reports First Quarter 2004 Financial Results (1 Viewer)

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EchoStar Reports First Quarter 2004 Financial Results
Company's DISH Network Adds 360,000 Net New Subscribers

ENGLEWOOD, Colo.--(BUSINESS WIRE)--May 6, 2004--EchoStar
Communications Corporation (Nasdaq: DISH) reported that its DISH
Network(TM) satellite television service added approximately 360,000
net new subscribers during the first quarter of 2004.
DISH Network had approximately 9.785 million subscribers as of
March 31, 2004.
For the quarter ended March 31, 2004, EchoStar reported total
revenue of $1.58 billion, a 16 percent increase compared to $1.36
billion for the corresponding period in 2003.
Net loss totaled $43 million for the quarter ended March 31, 2004,
compared to net income of $58 million during the corresponding period
in 2003. Basic loss per share was $0.09 for the quarter ended March
31, 2004, compared to earnings per share of $0.12 during the
corresponding period in 2003. Net loss for the quarter ended March 31,
2004 includes $78 million of charges associated with the early
redemption of our 9 3/8 percent senior notes due 2009, which occurred
during the quarter.
Detailed financial data and other information are available in
EchoStar's Form 10-Q for the quarterly period ended March 31, 2004,
filed with the Securities and Exchange Commission.

Safe Harbor Statement Under the Private Securities Litigation
Reform Act of 1995:

Except for historical information contained herein, the matters
set forth in this press release are forward-looking statements. The
forward-looking statements set forth above involve a number of risks
and uncertainties that could cause actual results to differ materially
from any such statement, including the risks and uncertainties
discussed in EchoStar Communication Corporation's Disclosure Regarding
Forward-Looking Statements included in its recent filings, including
Forms 10-K and 10-Q, with the Securities and Exchange Commission. The
forward-looking statements speak only as of the date made, and
EchoStar Communications Corporation undertakes no obligation to update
these forward-looking statements.

About EchoStar Communications

EchoStar Communications Corporation (Nasdaq: DISH) serves over 9.7
million satellite TV customers through its DISH Network(TM) and is a
leading U.S. provider of advanced digital television services. DISH
Network's services include hundreds of video and audio channels,
Interactive TV, HDTV, sports and international programming, together
with professional installation and 24-hour customer service. DISH
Network is the leader in the sale of digital video recorders (DVRs).
EchoStar has been a leader for 23 years in digital satellite TV
equipment sales and support worldwide. EchoStar is included in the
Nasdaq-100 Index (NDX) and is a Fortune 500 company. Visit EchoStar's
Web site at (www.echostar.com) or call 1-800-333-DISH (3474).
EchoStar will host its First Quarter 2004 earnings conference call
today at noon ET. The call will be broadcast live from EchoStar's
website, www.echostar.com. The dial-in number is 800-616-6729. To
access the webcast of this event, go to www.echostar.com, then select
"Investor Relations." A telephone recording of the conference call
will not be made available.
# # #
CONTACT: EchoStar Communications Corporation
Jason Kiser, 303-723-2210 (Investor Relations)
jason.kiser@echostar.com
Steve Caulk, 303-723-2010 (Media Relations)
steve.caulk@echostar.com
 

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