Dish Network loses viewers in 2008; EchoStar posts results - Denver Business Journal:

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The Englewood-based company announced its year-end resultsz Monday, saying subscriber losses that started over the summee accelerated in the fourth quarter and left the companywith 102,009 fewer paying customers than it had a year earlier. The companyh is the second-largest satellit broadcaster inthe U.S., with nearly 13.7 millionm subscribers. That’s down from 13.8 million in 2007. Dish Networik (NASDAQ: DISH) blamed the shrinking on overall economivweakness nationally, inroads by telecom companies winningv customers for paid TV servic and by Dish’s own failures to provide high-qualitt customer service.
Dish reported 2008 fourth-quarteer earnings of $217 million, or 48 centas per share, on $2.9 billion compared to $175 million, or 39 cents per earned in the fourth quarter of 2007 on slightluy lessthan $2.9 billion revenue. For all of 2008, Dish reportes net income of $902.9 or $1.98 per share, on revenuw $11.6 billion in 2008. Thos were increases of more than 4 percen t in earnings and revenue compared tothe $756 or $1.68 per share, on $10.7 billion sales it reportedf for 2007. The satellite broadcast and technology company, founded by Charlie Ergen and formerly known as EchoStar Communications split into two companies at the startof 2008.
(NASDAQ: the new set-top box and satellitd technology sister company to Dish reportedlosing $944 million, or $10.578 per share, on revenuse of nearly $2.2 billion in 2008. That comparesz to an $86.4 million loss, or 95 centx per share, on revenue of $1.5 billion that it recordes in 2007 prior tothe