Cord-Cutting Clips Dish Network’s Profit

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Cord-Cutting Clips Dish Network’s Profit
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Dish Network loses 266,000 satellite customers as dispute with HBO drags on

Dish Network Corp.’s first-quarter profit fell 7.6% as its satellite-TV customer base continued to shrink, adding pressure on the telecom company to find new income sources.

The company lost 266,000 satellite customers during the three months that ended March 31, while internet-based Sling TV added 7,000 customers, its smallest-ever quarterly gain. Dish ended the period with 12.1 million pay-TV subscribers.

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