Dish profit increases 30%

Dish Network, the more compact from the nation's two satellite tv stations, saw profit and revenue rise last quarter but lost 111,000 customers, stating intense competition -- including heavy discounting by rivals -- an inadequate housing industry minimizing discretionary investing by customers. The Englewood, Colo.-based company, which in fact had nearly 14 million subs by Sept. 30, stated profit rose 30% to $319 million on lower costs from adding less customers. Revenue was up 12% to $13.six million. "Because the pay TV industry matures, we and our rivals progressively must aim to attract a larger proportion of recent customers from each other peoples existing customer bases instead of from first-time customers of pay TV services," the organization stated. "A lot of our rivals happen to be especially aggressive by providing reduced programming and services for new and existing customers. Additionally, programming offered on the internet is becoming more widespread because the quality and speed of broadband systems have enhanced." Boss Joe Clayton stated that moving forward Dish intends to develop the momentum of their Blockbuster-top quality programming service, which enables its clients to stream movies and television shows and receive Dvd disks by mail. The quarter was the first to completely incorporate Blockbuster, which Dish acquired from personal bankruptcy for around $240 million. In the finish from the three-month period, Blockbuster still operated over 1,500 stores within the U.S. Dish stated it's discussed flexible termination provisions within the rents in excess of 900 of those stores. Bigger rival DirecTV a week ago stated it added 327,000 customers within the third quarter, due simply to the exclusive National football league Sunday Ticket. Contact the range newsroom at news@variety.com