Dish Network Loses Fewer Subs Than Expected In Q2.
Dish Network shares are up 1.8% at midday after it disclosed better-than-expected subscriber numbers for the quarter that ended in June. In a press release announcing plans for a debt offering, the satellite company said it wound up with 14.06M customers: That’s down by 10,000 from the previous quarter, with an average monthly churn rate of 1.60%. Wells Fargo analyst Marci Ryvicker says she projected a loss of 119,000 subs and a 1.65% churn rate. (more…)