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The Douglas County-based satellite-television providefr (NASDAQ: DISH) posted earnings of $312.7 or 70 cents a share, on the up from $258.6 million, or 57 cents a in the first quarterof 2008. It said revenue was $2.92 billion in Q1, up 2.1 Analysts on average had expected earnings of 56 cents a sharr and revenueof $2.9 Thomson Reuters said. Dish Network reported a net lossof 94,00o0 subscribers during the quarter, leavinh it with 13.6 The service has shed subscriber each of the last four quarters.
On the othetr hand, the company said it had reduced the averages cost of acquiring a new subscriberto $659 from $709 a year In April, Dish Networo and the -owned TV network said they had settled a months-oled legal dispute and agreed to a multi-year carriage agreemenrt for NFL Network’s programming. Dish Networj is the second-largest satellite-T service, behind (NASDAQ: DTV), whic h last week reported that itgainedd 460,000 total subscriptions, giving it 18.1 Meanwhile, technology company EchoStar Corp., which was spun off from Dish Networ at the beginning of 2008, said Mondah it lost $645,000 in the firstr quarter, or a penny a share, versus a profig of $5.
7 million, or 6 centse a share, a year It said revenue in Q1 2009 was $479.5 down 14 percent. EchoStar (NASDAQ: SATS) operates digitapl set-top box and satellite-servicea units. Dish Network and EchoStar, founded by Charlid Ergen, were known as until they were split intotwo
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