DISH Network subscribers down 94,000 in 1st quarter

DISH Network® Reports First Quarter 2009 Financial Results

ENGLEWOOD, Colo. — DISH Network Corporation (Nasdaq: DISH) today reported total revenue of $2.91 billion for the quarter ended March 31, 2009, a 2.1 percent increase compared with $2.84 billion for the corresponding period in 2008.

Net income totaled $313 million for the quarter ended March 31, 2009, compared with $259 million during the corresponding period in 2008. Basic earnings per share were $0.70 for the quarter ended March 31, 2009, compared with basic earnings per share of $0.58 during the corresponding period in 2008.

DISH Network lost approximately 94,000 net subscribers during the quarter ended March 31, 2009, giving the company approximately 13.584 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, 2009, filed today with the Securities and Exchange Commission.

Statements of DISH Network Operations Data (in thousands):

                                              For the Three Months        
                                                   Ended March 31,         Variance
                                              --------------------  ---------------
                                                   2009       2008   Amount       %
                                              ---------  ---------  -------  ------
Subscribers, as of period end (in millions)      13.584     13.815  (0.231)   (1.7)
Subscriber additions, gross (in millions)         0.653      0.730  (0.077)  (10.5)
Subscriber additions, net (in millions)         (0.094)      0.035  (0.129)      NM
Average monthly subscriber churn rate             1.83%      1.68%    0.15%     8.9

More: 10-Q