DISH Network(R) Reports First Quarter 2009 Financial Results

 

ENGLEWOOD, Colo., May 11, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- DISH Network Corporation (Nasdaq: DISH) today reported total revenue of $2.91 billion for the quarter ended March 31, 2009, a 2.1 percent increase compared with $2.84 billion for the corresponding period in 2008.

Net income totaled $313 million for the quarter ended March 31, 2009, compared with $259 million during the corresponding period in 2008. Basic earnings per share were $0.70 for the quarter ended March 31, 2009, compared with basic earnings per share of $0.58 during the corresponding period in 2008.

DISH Network lost approximately 94,000 net subscribers during the quarter ended March 31, 2009, giving the company approximately 13.584 million subscribers as of that date.

Detailed financial data and other information are available in DISH Network's Form 10-Q for the quarterly period ended March 31, 2009, filed today with the Securities and Exchange Commission.

About DISH Network Corporation

DISH Network Corporation (Nasdaq: DISH), the nation's HD leader, provides approximately 13.584 million satellite TV customers as of March 31, 2009 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 HD channels, the most international channels, 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 First Quarter 2009 financial results conference call today at noon ET. The dial-in number is (800) 616-6729.

SOURCE DISH Network Corporation

http://www.dishnetwork.com