The Media Drop: Satellite Television (Earnings)

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May 6, 2004

Satellite Television (Earnings)

This week, both News Corporation's DirecTV and EchoStar's DISH Network announced earnings, with neither company faring very well. This doesn't seem to stop people from investing and believing in the service, as I believe both companies have consistently net positive subscriber levels.

EchoStar's operation took a $43 million loss for the first quarter, a big swing from their $58 million profit in Q4 of 2003. DISH Network is reporting about 9.78 million users on its network, an increase of about 360,000 in the first quarter.

DirecTV, the largest provider of satellite services in the U.S., also took a pretty big bath this quarter, losing more than half a billion more than this same quarter last year, when they had a net loss of just $50.9 billion.

Posted by Tom at May 6, 2004 1:13 PM | TrackBack | IM This

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