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DISH Network Corporation Reports Third Quarter 2009 Financial Results

 

ENGLEWOOD, Colo., Nov 09, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- DISH Network Corporation (Nasdaq: DISH) today reported total revenue of $2.892 billion for the quarter ended Sept. 30, 2009, a 1.5 percent decrease compared with $2.937 billion for the corresponding period in 2008.

Net income attributable to common shareholders totaled $81 million for the quarter ended Sept. 30, 2009, compared with $92 million during the corresponding period in 2008. Basic earnings per share were $0.18 for the quarter ended Sept. 30, 2009, compared with basic earnings per share of $0.20 during the corresponding period in 2008.

DISH Network gained approximately 241,000 net subscribers during the quarter ended Sept. 30, 2009, ending the quarter with approximately 13.851 million subscribers.

Detailed financial data and other information are available in DISH Network's Form 10-Q for the quarterly period ended Sept. 30, 2009, filed today with the Securities and Exchange Commission.

DISH Network will host its Third Quarter 2009 financial results conference call today at noon ET. The dial-in number is (800) 616-6729.

One-Time Dividend

On Nov. 6, 2009, DISH Network Corporation's Board of Directors declared a one-time dividend of $2.00 per share on outstanding Class A and Class B common stock. The dividend will be payable in cash on Dec. 2, 2009, to shareholders of record on Nov. 20, 2009.

About DISH Network Corporation

DISH Network Corporation (NASDAQ: DISH), the nation's HD leader, provides approximately 13.851 million satellite TV customers as of Sept. 30, 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 ViP(R) 722 HD 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.

SOURCE DISH Network Corporation 

http://www.dishnetwork.com