Dish reports net loss due to acquisition charge

Reuters

Dish Network Corp reported a second-quarter net loss due to a $438 million charge related to satellite acquisitions.

The company said it took a charge on two of the three satellites it bought in 2011. ()

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Dish reported a net loss of $11 million, or 2 cents per share, in the quarter ended June compared with a net profit of $226 million, or 50 cents per share, a year earlier.

Revenue rose 1 percent to $3.61 billion.