[Satellite TODAY 08-13-09] Dish Network Corp. subsidiary, Dish DBS Corp. hopes to raise $1 billion in capital through a new debt offering, announced Aug. 12.
    Dish Network said the net proceeds of the offering would be used for general corporate purposes. The notes are being offered in the United States and abroad.
    On Aug. 10, Dish Network announced its 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.
    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.

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