DISH Network(R) Reports Fourth Quarter 2008 Financial Results
ENGLEWOOD, Colo., March 2, 2009 /PRNewswire-FirstCall via COMTEX
News Network/ -- DISH Network Corporation (Nasdaq: DISH) today
reported total revenue of $2.92 billion for the quarter ended
Dec. 31, 2008, a 1 percent increase compared with $2.89 billion
for the corresponding period in 2007.
Net income totaled $217 million for the quarter ended Dec. 31,
2008, compared with $175 million during the corresponding period
in 2007. Diluted earnings per share were $0.48 for the quarter
ended Dec. 31, 2008, compared with $0.39 during the
corresponding period in 2007.
For the year ended Dec. 31, 2008, DISH Network reported total
revenue of $11.62 billion compared with $11.09 billion for the
year ended Dec. 31, 2007, an increase of 5 percent. DISH
Network's net income for the year ended Dec. 31, 2008, totaled
$903 million, compared with $756 million for the year ended Dec.
31, 2007. Diluted earnings per share were $1.98 for the year
ended Dec. 31, 2008, compared with $1.68 during the
corresponding period in 2007.
DISH Network lost approximately 102,000 net subscribers during
the quarter ended Dec. 31, 2008, giving the company
approximately 13.678 million subscribers at year-end. The number
of net subscribers lost for the full year ended Dec. 31, 2008
was also approximately 102,000.
Detailed financial data and other information are available in
DISH Network's Form 10-K for the annual period ended Dec. 31,
2008, filed today with the Securities and Exchange Commission.
About DISH Network Corporation
DISH Network Corporation (Nasdaq: DISH) provides approximately
13.678 million satellite TV customers as of Dec. 31, 2008 with
the highest quality programming and technology at the best
value, including the lowest all-digital price nationwide.
Customers have access to hundreds of video and audio channels,
the most international channels in the U.S., state-of-the-art
interactive TV applications, and award-winning HD and DVR
technology including 1080p Video on Demand and the DuoDVR(TM)
ViP(R) 722 DVR, a CNET and PC Magazine "Editors' Choice." DISH
Network is included in the Nasdaq-100 Index (NDX) and is a
Fortune 250 company. Visit
www.dishnetwork.com.
DISH Network will host its Fourth Quarter and year-end 2008
financial results conference call today at noon ET. The dial-in
number is (800) 616-6729.
SOURCE DISH Network Corporation
http://www.dishnetwork.com
