Cord-Cutting Clips Dish Network’s Profit
Company loses 266,000 satellite customers as dispute with HBO drags on; executives promise ‘state-of-the-art’ wireless network
By
Drew FitzGerald
In this article, we see that profits of Dish network have been continuously shirking, 7.6%, which in many case adding much pressure on the telecom to find other sources of new income. The company alone, excluding other cable companies have lost about “266,000 satellite” customer with these last 3 month, while its subsidiary Sling TV has ”added 7,000 customer” which in many case a small gain . Though Dish did report during this period that they still had a 12.1 million pay tv viewer subscribers “it is still a very declining business “ said the executive chairman Charlie Ergen. Some even say that if these grow trend continues cable company might have seek other venues to get funds such as Dish Network did. Which resulted in creating sling TV during 2015, which has upset the lost cost of satellite cable. Though subscribers are not the only thing that’s being lost, it’s also the “shrink TV base adds .” That even in the aspect of innovation and threats Dish network see that and is trying their best to have their company to convert their cable ads into one of a wireless content to have it stream in the own Sling tv content but that is still determined since Dish is looking also in innovating and rolling out its 5g technology the near future.
Which again show the determination for a company to see its innovation, its threats if they don’t innovate, and the opportunity in grabbing more of the market when they do roll out 5g networks. https://www.wsj.com/articles/cord-cutting-clips-dish-networks-profit-11556911471?mod=hp_major_pos15
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