[07-20-12] Satellite pay-TV operator Dish Network<\/b> drastically cut its second quarter net subscriber losses in 2012 compared with the same period last year, according to a regulatory document the company filed July 19 with the Securities and Exchange Commission (SEC)<\/b>.<\/p>\n
Dish Network said it lost approximately 10,000 net subscribers in its second quarter \u2014 less than a tenth of the 135,000 it had lost in its 2011 fiscal second quarter. Dish Network also reported 665,000 gross new subscribers, but acknowledged that it wouldn\u2019t report full quarterly results until August.
\n The regulatory filing was tied to an announcement that its subsidiary, DISH DBS Corporation, planned to commence an offering of its senior debt, which is subject to market and other conditions. The net proceeds of that offering, according to Dish, are to be used for general corporate purposes.
\n Dish Network\u2019s report was much stronger than industry analysts expected from the pay-TV operator. Wells Fargo<\/b> Analyst Marci Ryvicker projected Dish Network to report gross subscriber additions of 577,000 and a net subscriber decline of 119,000.
\n \u201cWe feel that [Dish Network\u2019s] much better-than-expected sub numbers should ease investor fears about Dish\u2019s core business, which many were nervous about heading into earnings. We reiterate our \u2018outperform\u2019 rating on the company\u2019s stock,\u201d Ryvicker said in a research note.
\n Canaccord Genuity<\/b> Analyst Tom Eagan echoed Ryvicker\u2019s sentiment. His firm expected Dish Network to lose 87,000 net subscribers in the 2012 second-quarter, with only a slight improvement from its standing one year ago.
\n \u201cThe improving customer results appear to confirm that the company continues to turn around its pay-TV operations,\u201d Eagan said in a report issued July 19. \u201cAfter shedding about 250,000 customers in the second and third quarters of last year, [Dish Network] has been consistently topping analysts estimates for subscriber growth.\u201d
\n Dish Network ended its 2012 first quarter with 14.1 million subscribers and has trimmed its subscriber losses during the past few fiscal quarters. It\u2019s average monthly churn, however, increased from 1.35 percent in the first quarter of this year to 1.6 percent, according to the SEC filing.<\/p>\n","protected":false},"excerpt":{"rendered":"
[07-20-12] Satellite pay-TV operator Dish Network drastically cut its second quarter net subscriber losses in 2012 compared with the same period last year, according to a regulatory document the company filed July 19 with the Securities and Exchange Commission (SEC). Dish Network said it lost approximately 10,000 net subscribers in its second quarter \u2014 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-82754","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/82754"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=82754"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/82754\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=82754"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=82754"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=82754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}