Dish Network 2nd Quarter 2023 - 10K Report

[nelson61]

The Dish Network SEC 2nd Quarter 2023 10K report can be viewed on line here (sec.gov)

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001001082/000155837023013759/dish-20230630x10q.htm

We regularly evaluate ways to enhance our business. As part of this process, we are in regular dialogue with interested parties who may assist us in accomplishing our goals, including ongoing conversations with CONX Corp. (an entity partially owned by Charles W. Ergen, our Chairman) regarding a transaction involving our Retail Wireless business unit. There can be no assurance that these discussions will lead to a transaction nor as to the structure or terms of any such transaction.

As of June 30, 2023, we had 8.904 million Pay-TV subscribers in the United States, including 6.901 million DISH TV subscribers and 2.003 million SLING TV subscribers.

 

[zippyfrog]

I see the note in there that Ciel II is no longer leased. It will be interesting to see if come the next quarter report or the next year report if we are able to figure out approximately how much Dish paid in the lease.

 

[nelson61]

 

[nelson61]

We do not currently have cash, marketable investment securities balances and/or projected future cash flows to fully fund our convertible notes due in 2024 with a remaining aggregate principal balance of $995 million, which mature on March 15, 2024.

 

[nelson61]

They reference having reached 73 percent for wireless coverage so their capital investment requirements will be sharply lower for meeting their next (75 percent) deadline.

Looks like Charlie is personally (as in a separate investor) working on obtaining a cash infusion to roll over the upcoming 2024 debt maturities.

 

[nelson61]

A little extra news today

https://www.theverge.com/2023/8/8/23824206/dish-network-5g-satellite-merger

 

[nelson61]

Money

Bloomberg reports that the Dish/Echostar remerger will allow Dish to access close to 2 billion of cash or equivalents carried on the Echostar books along with the several hundred million of Echostar profits being generated each year.

 

[MikeD-C05]

Money

Bloomberg reports that the Dish/Echostar remerger will allow Dish to access close to 2 billion of cash or equivalents carried on the Echostar books along with the several hundred million of Echostar profits being generated each year.

Doesn't Charlie need like $2 billion to finish out the build to 75%?

 

[TigerWoodsLibido]

Hopefully they go bankrupt. People don't want to pay for a TV service that refuses to give them the sports programming they're willing to pay for.

 

[Jim5506]

Oh boy, our favorite troll is back!

 

[charlesrshell]

Oh boy, our favorite troll is back!

Yep

 

[Bruce]

Hopefully they go bankrupt. People don't want to pay for a TV service that refuses to give them the sports programming they're willing to pay for.

DirecTV has had more losses then Dish, both in numbers and percentage, they have all the sports, has not helped them.

‘The only Live TV that has gains every quarter is YouTube TV, like Dish, do not carry the RSNs either.

But it does not matter, soon enough, RSNs have, roughly, 2 years of life left .

 

[Bruce]

Money

Bloomberg reports that the Dish/Echostar remerger will allow Dish to access close to 2 billion of cash or equivalents carried on the Echostar books along with the several hundred million of Echostar profits being generated each year.

Thought the goal was that the combination of the two, will get the debt market to open back up for Dish, not burn thru all the cash they have.

Until they can start monetizing the spectrum they have , they will need a lot more then the $1.6 Billion cash on hand Echostar has, they have more then that in debt coming due by next year.

 

[ekilgus]

Regarding these Dish subscriber losses, It looks like the honeymoon is over for these streaming services. They're incurring significant losses themselves and are forced to increase prices (some significantly) and they're also losing subs. I wonder where they're all going for their entertainment?

 

[Radioguy41]

Hopefully they go bankrupt. People don't want to pay for a TV service that refuses to give them the sports programming they're willing to pay for.

Ah, another candidate for my Ignore list.

 

[Bobby]

He's on vacation, for now.

 

[Ronnie-]

Oh boy, our favorite troll is back!

And he’s gone for a good while.

If it continues in a month (or so), other options are on the table.

 

[thomasjk]

He's on vacation, for now.

Permanently I hope.

 

[nelson61]

Factoid

Dug back through the 10K reports and did a graph for the Satellite subscribers (excluding streamers) by year since they started way back in time.
Anyone that wants a walk through history should go to the Investor page and scroll through 20+ years of press releases. They have had a great ride.