EchoStar [DISH] reported a small 4Q profit, chalking up gains to vigorous sub additions, but the Street was nonplussed as shares dipped 4.3% Fri morning. Though the company reversed its fortunes with a net income of $3mln (vs a loss of $716mln), Charlie Ergen says EchoStar must increase spending to counteract churn, expected to rise in reaction to its Viacom blackout. "Any time you take CBS off the air for 48 hours you’re going to have a negative impact, at least in the short term," Ergen says. Beyond customer dissatisfaction at missing "Survivor," the $1 credits issued in the wake of the service interruption will influence ARPU. At market close, shares stabilized at $33.70, down 2.71%. EchoStar’s 4Q results were "underwhelming" and "lackluster," Oppenheimer says, suggesting performance was hampered by an "increasingly competitive subscription TV environment." That environment will heat up even more, which in turn should cause "DISH’s trading premium to continue to decline through ’04," it says.

The Daily


Mediacom on OIBDA Roll

Mediacom recorded its third-straight quarter of industry-leading adjusted OIBDA growth, posting a 15.2% YOY increase in 1Q21 to $236.3 million.

Read the Full Issue
The Skinny is delivered on Tuesday and focuses on the cable profession. You'll stay in the know on the headlines, topics and special issues you value most. Sign Up


Jun 10
The FAXIES Awards – Virtual CelebrationSave the Date! - June 10, 2021
Jul 16
Diversity List – 2021 Nominations Due: July 16, 2021
Sep 10
Most Powerful Women – 2021 Nominations Due: Sept 10, 2021
Dec 7
Most Powerful Women CelebrationSave the Date!
Full Calendar


Seeking an INDUSTRY JOB?

Hiring? In conjunction with our sister brand, Cynopsis, we are offering hiring managers a deep pool of media-savvy, skilled candidates at a range of experience levels and sectors, The result will be an even more robust industry job board, to help both employers and job seekers.

Contact for more information.