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Guest Message by DevFuse

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Dish loses 10K net subscribers in 2Q 2012


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34 replies to this topic

#26 OFFLINE   James Long

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Posted 08 August 2012 - 04:10 PM

Was Dish sub-leasing transponders off of 148? I know they have leased transponders on other SATs... that could explain loss of revenue if they were leasing slots on 148 before they lost it.

Neither DISH nor Echostar have a satellite at 148 - which is the primary reason why DISH lost the license. I have not read through the filing, but the loss was probably writing off the value of those licenses.

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#27 OFFLINE   RAD

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Posted 08 August 2012 - 04:22 PM

I have not read through the filing, but the loss was probably writing off the value of those licenses.

That could be, guess I just wasn't expecting it to be noted against income vs. listing it against assets.

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#28 OFFLINE   Stewart Vernon

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Posted 08 August 2012 - 04:34 PM

Neither DISH nor Echostar have a satellite at 148 - which is the primary reason why DISH lost the license. I have not read through the filing, but the loss was probably writing off the value of those licenses.


Oops... I guess I forgot when that happened. I know they used to have a SAT there :) I just must have forgotten (or not noticed) when they moved it.

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#29 OFFLINE   James Long

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Posted 08 August 2012 - 04:47 PM

On May 31, 2012, the International Bureau of the FCC announced the termination of our license for use of the 148 degree orbital location associated with our DISH segment. We have not had a satellite positioned at the 148 degree orbital location since the retirement of EchoStar V in August 2009. Our license for use of the 148 degree orbital location had a $68 million carrying value. This amount was recorded as “Depreciation and amortization” expense on our Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) in the second quarter 2012 due to the termination of this license by the FCC.

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#30 OFFLINE   BillJ

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Posted 09 August 2012 - 04:13 AM

Even though AMC, etc didn't go dark until June 30, I wonder how many of those 10,000 lost subscribers left because of the expected channel loss?

#31 OFFLINE   SayWhat?

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Posted 09 August 2012 - 04:54 AM

If I have a driver's license, but don't have a car or access to one, does the license have value? If I lose that license, can I take a large writeoff?
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#32 OFFLINE   James Long

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Posted 09 August 2012 - 05:46 AM

Even though AMC, etc didn't go dark until June 30, I wonder how many of those 10,000 lost subscribers left because of the expected channel loss?

It is just a line on a balance sheet. DISH lost 675k customers, which is less than they lost in the same quarter a year ago. DISH signed up 665k new customers in the 2nd quarter. Net gains are good but DISH is still getting people to sign up for their service and the number of customers lost is not remarkably higher than 'usual'.

#33 OFFLINE   James Long

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Posted 09 August 2012 - 05:57 AM

If I have a driver's license, but don't have a car or access to one, does the license have value? If I lose that license, can I take a large writeoff?

Do you want a job that requires a driver's license? Perhaps an employer who would give you access to a vehicle for work or would require the license as a step toward operating a forklift or other vehicle at work? That would place a value on having a driver's license. And when filling out a job application or resume you might list that asset. But people don't report their financials in the same way as a business.

The satellite license had value because they are hard to get and they allow the company to do something no other company can do ... place a satellite at 148 and use it to serve customers. When a business loses an asset it needs to be written off.

#34 OFFLINE   TBoneit

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Posted 09 August 2012 - 12:09 PM

I thought they were using 148 to serve foreign channels to the west coast as a mirror of 61.5 back when all the foreign was on 61.5?

Now that th moved them went to a eastern arc and a western arc they most likely didn't use 148.
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#35 OFFLINE   WebTraveler

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Posted 09 August 2012 - 07:12 PM

Any thoughts on why the loss of 148 would cause the drop in income? I thought the FCC took the license away because Dish wasn't using it, so if they weren't using it to begin with how could it cause a loss of $43M in income for the quarter?


It's probably the capitalized costs on Dish's books now charged to a loss on a discontinued operation.....




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