Dish Sees Q1 Subscriber Growth

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Englewood, Colo. --

Dish Network

today reported a 5.5 percent increase in total revenue to $3.22 billion for the quarter ended March 31, 2011 compared to $3.06 billion in the same period in 2010.

 Net income attributable to common shareholders totaled $549 million for the period, compared with $231 million during the corresponding period in 2010. 

Dish Network said it gained approximately 58,000 net subscribers during the quarter for a total of approximately 14.191 million cumulative subscribers. The satellite TV service reported a loss of 156,000 customers in the fourth quarter.

Dish increased its subscriber fees by $5 to all customers in February, the equivalent of a three-year price increase in one installment.

In a conference call, Charlie Ergen, Dish Network chairman and CEO, said the price hike was made "remarkably smoothly."

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