Dish makes money, gains 58,000 subscribers in Q1

Dish Network (Nasdaq: DISH) has accomplished what most, if not all, cable operators have been unable to do: it made money and it gained subscribers. The number two satellite provider said that its quarterly total revenue of $3.22 billion was 5 percent higher than a year ago and that it gained 58,000 subscribers to bring its total number to 14.191 million subs.

Dish said its net income for the period was $549 million compared to $231 million during the same period last year and that earnings per share were $1.22 compared to 52 cents in 2010.

Also, Dish named Michael Kelly president of its Blockbuster subsidiary. Kelly, who was previously executive vice president of Dish Network's Commercial Services division "was the visionary behind our acquisition of Blockbuster," Dish Chairman-CEO Charlie Ergen said in a news release. "His leadership will be key to returning Blockbuster to profitability."

For more:
- see this news release
- and this news release

Related articles:
Dish Network, DirecTV earnings fly high in third quarter
Dish's Ergen: Use rifle, not shotgun, to acquire subscribers
Dish-Blockbuster deal gets DoJ, FTC approval

Suggested Articles

Comcast is increasing X1 cloud DVR storage hours 60 to 150, more than doubling the capacity.

Evolution Digital is launching a cloud-based service for operators that have deployed its Android TV-based eSTREAM 4K set-top boxes.

Comcast, Charter and ViacomCBS today announced that they will all take equal ownership of Blockgraph.