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[Satellite TODAY 08-11-09] Dish Network Corp.’s second-quarter earnings dropped 81 percent, with net income falling from $336 million in 2008 to $63 million and revenues dipping 0.4 percent to remain near the $2.9 billion mark, according to the company’s financial results, released Aug. 10.
The company said that its operating expenses rose 16 percent year-over-year and that costs related to its long-running patent infringement case with TiVo have contributed to its earnings decline.
Despite the drop in profits, Dish Network added about 26,000 net subscribers during the quarter, ending the quarter with about 13.6 million subscribers. Dish’s main competitor, DirecTV, said last week that it added 224,000 subscribers in its second quarter, bringing its total subscriber count to 18.3 million.
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Texas Court Finds Dish Network, EchoStar Corp. in Contempt of TiVo Ruling [Satellite Today 06-04-09]
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