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Dish Loses 110,000 Subs in Q3

More subscriber trouble at Dish Network LLC (Nasdaq: DISH) heads up today's cable news roundup.

  • Subscriber erosion continued at Dish in the third quarter as the satellite TV giant lost 111,000 customers, more than the 80,000 expected by analysts. Dish posted net income of US$319 million, or 71 cents per share, on revenues of $3.60 billion. Dish ended the quarter with a sub base of 13.94 million, a total that's going in the opposite direction to satellite TV rival DirecTV Group Inc. (NYSE: DTV), which added 327,000 subs during the period.

  • Dish may try to reverse its negative subscriber trend with an over-the-top strategy. The New York Post reports that Charlie Ergen & Co. are looking to stream live cable channels over the Web to Dish subs, possibly under the Blockbuster Inc. brand. For now, Dish is pitching a $10 per month add-on called Blockbuster Movie Pass that bundles in Blockbuster's by-mail DVD and games rental service and VoD streaming option. (See Nucleus Connect Deploys Open Access OSS/BSS.)

  • EchoStar Corp. LLC (Nasdaq: SATS), Ergen's set-top and tech spinoff, posted a net loss of $19 million, or 22 cents per share, on revenues of $863 million. EchoStar Arms Tier 2 MSOs for War and EchoStar's Cable Target: 1 Million Subs .)

  • Sanford C. Bernstein & Co. Inc. analysts Craig Moffett and Carlos Kirjner are downplaying speculation that Google (Nasdaq: GOOG)'s looking to become "the world's biggest company" amid a report that it will try to offer pay-TV services on its 1Gbit/s network in the Kansas Cities. They suggest that a big overbuild strategy is far too costly even for Google and that the search giant will instead use the experiment to do other things, such as promote network neutrality and learn more about the consumer behavior and the economics of broadband networks. (See Google Eyes Pay-TV Play .)

  • Netflix Inc. (Nasdaq: NFLX) and Metro-Goldwyn-Mayer Studios Inc. have inked a multi-year deal that will give Netflix exclusive streaming rights in the U.K. and Ireland for "most" of MGM's first-run feature films and older library titles starting in early 2012.

  • Cox Communications Inc. has until the end of the year to oppose Dish's shot at securing the trademark rights on "TV Everywhere," reports Multichannel News. Dish applied for the mark in the fall of 2009 even as some MSOs began to use the moniker, or pieces of it, to describe authenticated multi-screen services.

  • Comcast Corp. (Nasdaq: CMCSA, CMCSK) scored an engineering Emmy for its Xfinity TV app for the iPad.

    — Jeff Baumgartner, Site Editor, Light Reading Cable



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