From New York Post:
Dish Network, the satellite-TV company led by chairman Charlie Ergen, posted an 88 percent jump in quarterly profit even as it lost subscribers.
Dish said Monday it continued to hemorrhage pay-TV subscribers during the fourth quarter at a slightly slower clip, shedding 133,00 subscribers compared with a loss of 194,000 in the year-ago period.
Bernstein analyst Peter Supino attributed the improved results to the fact that fewer customers are “switching” their services during the pandemic, as well as an increase in prices.
The declines came from the company’s Dish pay-TV service, which lost 149,000 subscribers. That was offset by a 16,000-subscriber gain at the company’s live TV streaming service, SlingTV.
Continue reading Dish Network profits jump despite loss of 133,000 subscribers on New York Post
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