Wonder why they published these numbers now vs. when they release the 2Q earnings report?
I too wonder who is leaking this information in advance of the August 7 conference call.
The 8-K filing for the DISH DBS Corporation
The DISH ® branded pay-TV service added approximately 665,000 gross new subscribers and lost approximately 10,000 net subscribers during the three months ended June 30, 2012. Our average monthly subscriber churn rate for the three months ended June 30, 2012 was approximately 1.60%. As of June 30, 2012, we had approximately 14.061 million subscribers in the United States.
This is advance information on the second quarter results which we will not see until August. I would suspect that the second quarter results may not have a profit growth similar to the first quarter because of the investment in the Hopper.
The churn rate is up. It will be very difficult to sort out the impacts of the Hopper, the dropping of the AMC family of channels, and the continuing economic doldrums which still include home foreclosures.
Regarding why the Tribune
published these numbers absent any quarterly statement context, The Tribune Company's 18 newspapers such as the Chicago Tribune
and the LA Times
are part of a large media company that owns local broadcast stations and cable channels, all of which are constantly seeking increases in retransmission fees. The Tribune Company is in financial trouble and the newspaper staffs are feeling the crunch. They're are likely to be looking for you to pay in your basic package $25 a month for WGN, not helping you to get WGN and other cable channels a la carte.
"In a hundred years there'll be a whole new set of people."
"Always poke the bears. They sleep too much for their own good."
"If you're good enough, they'll talk about you." - Tom Harmon
A GEEZER who remembers watching TV in 1951 and was an Echostar customer from 1988 to 2008, now a Dish Network customer.
My AV Setup
My Slingbox Pro HD Experience
My Blog: The Redwood Guardian