EchoStar Reports Boosted Revenues As Dish Network Adds Subscribers
EchoStar Communications Corp., the Colorado-based parent of Dish Network satellite TV, reported boosts in subscriptions and total revenue as it announced its second quarter 2007 figures on Aug. 10. For the quarter ended June 30, EchoStar tallied revenues of $2.76 billion, or an 11.9 percent increase compared with $2.47 billion for second quarter of 2006. Net income for the period totaled $224.2 million, up nearly one-third compared against $168.8 million in second quarter 2006.
Dish Network added approximately 170,000 net new subscribers during second quarter 2007, ending the quarter with approximately 13.6 million subscribers overall for an increase of nearly 9 percent as compared against 12.5 million subscribers a year earlier.
In unrelated news, EchoStar was awarded $90,000 in court costs on Aug. 9 when Forgent Networks Inc.’s motion for a new trial was denied by a Texas judge. In May, a jury found invalid Forgent’s accusation of a patent violation by EchoStar.