Dish Network Profits Fall, Will Pay Dividends (DISH, CMCSA, CVC, DTV)

The 2nd largest Satellite TV provider in the US, Dish Network (NASDAQ: DISH) , reported falling profits of $81 million or 18 cents a share compared to $92 million or 20 cents a share for the same quarter the previous year. Dish Network’s revenues also fell 1.5% to $2.89 million.

Dish Network, despite gaining 241,000 subscribers, faced strong competition from cable providers like Comcast (NASDAQ: CMCSA) and Cablevision Systems Corp. (NYSE: CVC) , as well as, larger direct competitors in satellite TV provider, Direct TV(NYSE: DTV) .

Dish Network is set to pay dividends of $2.00 per share. Dish Network Corp. prices rose 6.53% in the pre-market trading.