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Dish and Liberty both suffer cord cutting, but broadband remains king

Both Dish Network in the US and Liberty Global in Europe reported this week, strong pay TV providers from each side of the Atlantic – both showing the presence of cord cutting among subscribers – the difference being that Liberty Global has significant and growing broadband connections to make up the difference. Dish at least made more money this quarter, rising to $432 million net income in Q3, compared to $297 million in the same quarter last year, although some of that relates to adopting a new accounting standard, the ASC 606 revenue recognition standard – but not all of it. We wrote in 2016 that Dish was on its way to become an OTT business and it would take…

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