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Dish Profit Down 34 Pct, But Adds Subscribers

May 7, 2012

Satellite TV provider Dish Network Corp. said Monday that it added subscribers in the first quarter, but net income dropped 34 percent and revenue growth fell short of Wall Street expectations.

The company's profit dropped largely because the year-ago period got a boost from Dish settling a patent lawsuit with TiVo Inc.

Dish Network, based in Englewood, Colo., is trying to expand beyond TV into Internet access, video and other services, both for homes and on mobile devices. Last year, it bought Blockbuster

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