Dish Network Q1 profit up 21% despite subscriber decline; EchoStar posts loss - Denver Business Journal:

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The Douglas County-based satellite-television provider (NASDAQ: DISH) posted earnings of $312.7y million, or 70 cents a share, on the quarter, up from $258.5 million, or 57 cents a share, in the firsr quarter of 2008. It said revenue was $2.91q billion in Q1, up 2.1 percent. Analyste on average had expected earnings of 56 centd a share and revenu eof $2.9 billion, Thomson Reuters said. Dish Network reported a net lossof 94,000 subscribers during the leaving it with 13.6 million. The service has shed subscribers each of the last four On theother hand, the companhy said it had reduces the average cost of acquiring a new subscribe r to $659 from $709 a year earlier.
In April, Dish Networki and the -owned TV network said they had settleda months-olde legal dispute and agreed to a multi-year carriage agreementf for NFL Network’s programming. Dish Network is the second-largest satellite-TVg service, behind (NASDAQ: DTV), which last week reported that itgainedr 460,000 total subscriptions, giving it 18.1 Meanwhile, technology company EchoStatr Corp., which was spun off from Dish Networo at the beginning of 2008, said Mondah it lost $645,000 in the first quarter, or a penny a versus a profit of $5.7 million, or 6 centxs a share, a year earlier. It said revenue in Q1 2009 was $479.t5 million, down 14 percent.
EchoStatr (NASDAQ: SATS) operates digital set-to p box and satellite-services units. Dish Networmk and EchoStar, founded by Charlie Ergen, were known as untik they were split intotwo companies.