Skip to content

EchoStar Posts Loss of Dish, Gain of Sling TV Subs in Third Quarter, Raises $5.2B in Fresh Capital

EchoStar, which recently agreed to sell its Dish and Sling TV businesses to DirecTV to create a new pay-TV giant, lost 43,000 net pay-TV subscribers in the third quarter, compared with a drop of 64,000 in the year-ago period, the company said on Tuesday.

The company disclosed in a regulatory filing that it added around 145,000 net Sling TV subscribers in the latest quarter, compared with a year-ago gain of 117,000. It ended September with 2.14 million Sling TV subs. EchoStar also recorded a net decline of about 188,000 in its traditional Dish satellite TV subscribers, ending September with 5.89 million.

Related Stories

That left its total pay-TV sub figure at 8.03 million, down from 8.07 million as of the end of June.

EchoStar also unveiled on Tuesday “the successful completion of various transformative strategic transactions positioning its business for the further

...

Keep reading this article on Hollywood Reporter.

Exit mobile version