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Dish sub losses push pay TV sector into red: economy, housing slump bear blame but 'cord-cutting' could be a factor.(Finance)

Multichannel News

| August 23, 2010 | Farrell, Mike | COPYRIGHT 2009 Reed Business Information, Inc. (US). (Hide copyright information)Copyright

Dish Network's return to net new subscriber losses in the second quarter may have inadvertently done more than signal that the low-cost satellite-TV service provider could be in store for rough times.

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It may also add to evidence that "cord-cutting"--once laughed off by cable, telco and satellite providers alike--is coming closer to reality.

Dish Network was the last publicly traded pay TV service provider to release second-quarter results on Aug. 9, and by losing 19,000 customers--its first quarterly loss after four consecutive quarters of gains--the sector was pushed into the red for the first time ever.

The Dish deficit meant that the entire publicly traded pay TV industry lost about 13,000 subscribers in the …

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