Dish loses 12K TV subscribers, misses Wall Street forecasts

Dish Network (NASDAQ: DISH) reported a loss of 12,000 pay-TV subscribers and a 4.8 percent uptick in revenue to $3.68 billion in the third quarter, missing Wall Street forecasts for both crucial metrics.

Analysts had predicted a slight Q3 gain in video customers for the Englewood, Colo.-based satellite operator after it posted a third-quarter net positive of 35,000 pay-TV subscribers in 2013.

Dish is currently locked in a number of carriage battles, including an impasse that has kept CNN and other Turner Networks channels off its service since mid-October. And it is currently far apart on retrans renewal talks with CBS.

Dish finished the period ending Sept. 30 with 14,041 video subs, which is roughly flat with where it ended up after Q3 last year. The company did report the addition of 28,000 satellite-broadband subscribers--which was also down from the 75,000 it added in the same quarter in 2013. It now has 553,000 broadband subs.

Revenue missed the target of $3.69 million. Dish's net income came in at $146 million, down from $315 million for the same year-ago period.

The company will conduct its Q3 conference call with investors Tuesday at 12 p.m. EST.

For more:
- read this Dish Network earnings release
- read this Variety story

Earnings roundup: Sizing up pay TV earnings for the third quarter of 2014

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