In its first quarterly report since its resale partnership with AT&T ended, satellite TV provider Dish Networks posted a 21 percent jump in profit, but also lost 94,000 subscribers. The company noted that the AT&T partnership contributed about 5 percent of its gross subscriber additions for the first quarter--the deal ended at the end of January, one month into the quarter. By comparison, the AT&T deal had accounted for 17 percent of Dish's gross subscriber additions during 2008, according to an Associated Press story.
Dish said its subscriber additions likely would continue to suffer if it fails to find another large distribution partner like AT&T. The company also said that the recession and broader competitive factors affected its subscriber numbers.
Dish does have several smaller independent telco resale partners, including Windstream Communications, which last week said that it had success in the first quarter through the partnership, adding 21,000 TV subscribers and working with Dish to add its service to a small business service bundle.
Numbers-wise, Dish reported a $312.7 million profit in the first quarter, and a 2.1 percent increase in revenue to $2.91 billion.
- The Associated Press has this story
Dish lost 102,000 subscribers in the fourth quarter