[Satellite TODAY 02-20-13] Dish Network reported a decrease in its 2012 full-year net income, caused by higher subscriber-related expenses that were driven by programming costs, increased subscriber acquisition costs from higher gross additions, and one-time items, such as the Voom litigation settlement expense. Additionally, the decrease in year-over-year net income was affected by the 2011 reversal of accrued expenses related to the company’s TiVo litigation.
   The pay-TV operator’s total revenue of $14.27 billion in 2012 compared to $14.05 billion in 2011 – an increase of 1.6 percent. Net income for the company was $637 million compared to $1.52 billion the previous year. Diluted earnings per share were $1.41 in 2012, compared with $3.39 in 2011. Total revenue for the fourth quarter 2012 was $3.59 billion, compared to revenues of $3.63 billion in the year-ago quarter. Net income attributable to the fourth quarter was $209 million compared to $313 million in the fourth quarter of 2011.

   For the full 2012 year, Dish Network added approximately 2.739 million gross new pay-TV subscriber activations compared to 2.576 million in 2011. The company added about 14,000 net new pay-TV subscribers in the fourth quarter of 2012, ending the year with 14.056 million pay-TV subscribers compared to 13.967 million total subscribers in 2011. Pay-TV subscriber churn rate for 2012 decreased to 1.57 percent, an improvement over the 1.63 percent rate in 2011.