Falling (Echo)star

EchoStar Communications reported a somewhat less-than-stellar first quarter as net income of $147.3 million fell 54 percent behind its year-ago results. Although total revenue rose 13 percent to $2.3 billion, the costs of a legal battle with digital video recorder maker TiVo canceled out the gain. Moreover, EchoStar, which operates the DISH satellite network, had recorded a one-time gain of $134 million last year from an insurance settlement, skewing the results. Nevertheless, the addition of 225,000 new DISH subscribers represented a 31-percent decline from the same period a year ago when it added 325,000, pushing up the costs of acquiring new subscribers by about 8 percent.




11/05/2006


Contactmusic

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