DISH Network(R) Reports Third Quarter 2008 Financial Results

 

ENGLEWOOD, Colo., Nov 10, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- DISH Network Corporation (Nasdaq: DISH) today reported total revenue of $2.94 billion for the quarter ended Sept. 30, 2008, a 5.1 percent increase compared with $2.79 billion for the corresponding period in 2007.

Net income totaled $92 million for the quarter ended Sept. 30, 2008, compared with $200 million during the corresponding period in 2007. The $108 million decline in net earnings primarily related to impairments on marketable and non-marketable securities. Basic earnings per share were $0.20 for the quarter ended Sept. 30, 2008, compared with basic earnings per share of $0.45 during the corresponding period in 2007.

DISH Network lost approximately 10,000 net subscribers during the quarter ended Sept. 30, 2008, ending the quarter with approximately 13.78 million subscribers.

Detailed financial data and other information are available in DISH Network's Form 10-Q for the quarterly period ended Sept. 30, 2008, filed today with the Securities and Exchange Commission.

About DISH Network Corporation

DISH Network Corporation (Nasdaq: DISH), the nation's third largest pay-TV provider and the leader in digital television, provides approximately 13.78 million satellite TV customers as of Sept. 30, 2008 with industry-leading customer satisfaction which has surpassed major cable TV providers for eight consecutive years. DISH Network also provides customers with award-winning HD and DVR technology including the ViP(R)722 HD DVR, which received the Editors' Choice awards from both CNET and PC Magazine. In addition, subscribers enjoy access to hundreds of video and audio channels, the most International channels in the U.S., industry-leading Interactive TV applications, Latino programming, and the best sports and movies in HD. DISH Network offers a variety of package and price options including the lowest all-digital price in America, the DishDVR Advantage Package, high-speed Internet service, and a free upgrade to the best HD DVR in the industry. DISH Network is included in the Nasdaq-100 Index (NDX) and is a Fortune 300 company. Visit http://www.dishnetwork.com/aboutus or call 1-800-333-DISH (3474) for more information.

DISH Network will host its Third Quarter 2008 earnings conference call today at noon ET. The dial-in number is (800) 616-6729.

SOURCE DISH Network Corporation

http://www.dishnetwork.com