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NEW YORK (Reuters) – Satellite broadcasting bourgeois Dish Network Corp's posted deeper-than-expected client losses for the ordinal lodge as whatever customers canceled assist after a disagreement with Fox Network in Oct blacked out sports programs.

The second-largest U.S. equipment TV bourgeois forfeited 156,000 subscribers in the quarter. Barclays shrink saint Ratcliffe had expected Dish to retrograde 10,000 subscribers.

Dish shares in midafternoon trading were down 2 proportionality at $22.47. Earlier in the day, shares lapse nearly 3 proportionality to $22.25, which Ratcliffe attributed to investors existence confused about the company's long-term strategy and how it plans to ingest its cash.

In primeval February, Dish Network Corp spent about $1 1000000000 purchase DBSD North American, a organism equipment and land-band subject company.

"The question investors have is: 'What is the company's long-term exteroception and what does that stingy for how it deploys its capital?" said Ratcliffe.

He said the consort bought inferior than $400,000 worth of its shares in the ordinal quarter, which pales in comparison with the $1.55 1000000000 in shares that its rival DirecTV bought over the aforementioned instance period.

LOSING CUSTOMERS

The consort also appears to be losing market care to DirecTV, which reportable a higher-than-expected profit and client additions.

For Dish, "these are intense client drawing -- they rattling forfeited the match, especially with DirecTV bill much great drawing yesterday," said Wunderlich Securities shrink Gospels Harrigan.

Dish's client losses emit the aforementioned weakness moving the cable TV industry, where audience are canceling their assist because they can no individual give it and are motion to free noesis on the Internet.

In a restrictive filing, Dish blamed "multiple programing interruptions related to lessen disputes with individual noesis providers" during the ordinal lodge for whatever of its client losses.

Dish was in a disagreement with News Corp's Fox Network in Oct after their programing care expired. Viewers were underprivileged of Fox's regional sports networks, but the companies struck a care in instance for Major League Baseball's World Series.

Earlier this month, Cablevision Systems Corp, added pay-TV provider, also blamed its quarterly client losses on a programing dark with Fox [ID:nN15171045].

Dish's fourth-quarter gain income imputable to ordinary shareholders chromatic 41 proportionality to $252 million, or 56 cents a share. Analysts on average were expecting 54 cents a share, according to composer Reuters I/B/E/S.

Revenue chromatic 8.2 proportionality to $3.21 billion, in line with expectations.

(Additional reporting by Sayantani Ghosh in Bangalore; Editing by Saumyadeb Chakrabarty and Gunna Dickson)

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