DISH Network Reports First Quarter 2008 Financial Results

ENGLEWOOD, Colo. — DISH Network® Corporation (Nasdaq:DISH) today reported total revenue of $2.8 billion for the quarter ended March 31, 2008, a 7.5 percent increase compared with $2.6 billion for the corresponding period in 2007.

Net income totaled $259 million for the quarter ended March 31, 2008, compared with $157 million during the corresponding period in 2007. Basic earnings per share were $.58 for the quarter ended March 31, 2008, compared with basic earnings per share of $.35 during the corresponding period in 2007.

DISH Network added approximately 35,000 net new subscribers during the quarter ended March 31, 2008, giving the company approximately 13.815 million subscribers as of that date.

Detailed financial data and other information are available in DISH Network’s Form 10-Q for the quarterly period ended March 31, 2008, filed today with the Securities and Exchange Commission.

Results of Operations

Three Months Ended March 31, 2008 Compared to the Three Months Ended March 31, 2007.

                                                For the Three Months         
                                                   Ended March 31,         Variance
                                                --------------------   ------------------
                                                  2008         2007     Amount         %
                                                -------      -------   --------    ------
Subscribers, as of period end (in millions)     13.815       13.415      0.400       3.0
Subscriber additions, gross (in millions)        0.730        0.890     (0.160)    (18.0)
Subscriber additions, net (in millions)          0.035        0.310     (0.275)    (88.7)
Average monthly subscriber churn rate             1.68%        1.46%      0.22%     15.1

Our equipment costs were higher during the three months ended March 31, 2008 as a result of the Spin-off of our set-top box business to EchoStar. Set-top boxes were historically designed in-house and procured at our cost. We now acquire this equipment from EchoStar at its cost plus an agreed-upon margin.

EchoStar is currently our sole supplier of set-top box receivers. During the three months ended March 31, 2008, we purchased set-top box and other equipment from EchoStar totaling $372 million.