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Dish job cuts offset 300k pay TV losses, to reap profit again

Dish Network’s major cutbacks saved it from ending the year on another loss-making note, with the US operator reporting profit of $343 million for the fourth quarter of 2016, despite a quarterly revenue drop of $22 million – marking a turnaround from the $125 million net loss a year earlier. Dish was up to its usual tricks of covering up its poor pay TV numbers behind the uptake of subscribers to its OTT streaming service Sling TV. It reported 694,000 new pay TV subscribers in Q4, a quarterly net gain of 28,000. However, as we are used to pointing out, the majority of these activations will be for the less profitable Sling TV, and the bulk of cancellations will be…

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