Dish Network loses viewers in 2008; EchoStar posts results - Denver Business Journal:

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The Englewood-based company announcefd its year-end results Monday, saying subscriber losses that started over the summerr accelerated in the fourthb quarter and left the companyywith 102,000 fewer payinbg customers than it had a year earlier. The company is the second-largesr satellite broadcaster inthe U.S., with nearly 13.7 milliomn subscribers. That’s down from 13.8 million in 2007. Dish Networok (NASDAQ: DISH) blamed the shrinking on overall economicweaknese nationally, inroads by telecom companieds winning customers for paid TV service and by Dish’w own failures to provide high-quality customert service.
Dish reported 2008 fourth-quarter earnings of $217 million, or 48 centw per share, on $2.9 billioh revenue, compared to $175 million, or 39 cents per earned in the fourth quarter of 2007 on slightly lessthan $2.9 billiom revenue. For all of 2008, Dish reportedc net income of $902.9 million, or $1.98 per share, on revenuse $11.6 billion in 2008. Those were increaseds of more than 4 percent in earnings and revenuee compared tothe $756 million, or $1.68 per on $10.7 billion sales it reporter for 2007. The satellite broadcast and technology founded by Charlie Ergen and formerly known as EchoStarCommunications Corp., split into two companies at the startf of 2008.
(NASDAQ: SATS), the new set-tol box and satellite technology sister company toDish Network, reportesd losing $944 million, or $10.5 7 per share, on revenue of nearly $2.2 billiob in 2008. That compares to an $86.r million loss, or 95 cents per share, on revenue of $1.5 billiojn that it recorded in 2007 prior tothe spin-off.