Dish Network (Nasdaq: DISH), DirecTV (Nasdaq: DTV) earnings fly high in third quarter

Apparently a nearly month-long blackout of Fox Networks sports and entertainment programming didn't have a serious impact on Dish Network's (Nasdaq: DISH) bottom line. The nation's second biggest satellite provider said its third quarter profit more than tripled with income jumping to $245 million from $81 million a year ago on sales of $3.21 billion.

Even so, Dish, which got caught in a nasty retransmission dispute with News Corp. (Nasdaq: NWSA) which in turn shut off 19 sports programming networks and other Fox cable-related programming, lost 29,000 subscribers in the period, reflecting an industry-wide pay TV trend.

DirecTV (Nasdaq: DTV), the nation's biggest satellite provider, also had a good quarter, earning $479 million compared to $366 million a year ago. While a lot of the money came from expanded Latin American operations where operating profits grew 67 percent and subscriber numbers were up 206,000, its U.S. operations weren't slumping either. The satellite provider said it gained 174,000 subscribers in the U.S. as its customer base climbed to 18.9 million.

For more:
- see this story
- and this story

Related articles:
Fox pulls sports nets off Dish in retrans fight
Fox scrapes Dish clean; pulls FX, Nat Geo from satellite lineup
DirecTV pulls Comcast-owned channel off its lineup

More third quarter results:
- click here for earnings results and related stories

Suggested Articles

AMSTERDAM – Comcast has reportedly acquired Metrological, an application platform developer that integrates OTT video services and other content into the pay…

AMSTERDAM – Charter and ActiveVideo, the company’s joint venture with CommScope, provided an update on the rollout of the cable provider’s next-generation…

Comcast Spotlight, the advertising sales division of Comcast Cable, is launching Comcast Spotlight TV Ad Planner, a self-service buying option.