IN BRIEF
ENGLEWOOD, Colo. — Dish Network said today its third quarter profit fell 12 percent as its subscriber base edged up.
The second-largest satellite TV provider in the U.S. said profit totaled $81 million, down from $92 million a year ago. Revenue for the three months ended Sept. 30 edged down nearly 2 percent to $2.89 billion from $2.94 billion last year. Dish said it gained about 241,000 net subscribers, up nearly 2 percent to 13.9 million.
Separately, the Englewood, Colo.-based company issued a one-time dividend of $2, payable Dec. 2 to shareholders of record on Nov. 20.
Dish is widely regarded as one of the weaker players in the pay-TV industry, which encompasses cable, satellite TV and phone companies that provide TV services. Dish focuses on being the low-cost provider, but that strategy hasn't led to recent growth.
