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Jon Lafayette

Dish Network Loses $139 Million in Q3 as Pay TV Subs Drop by 64,000

Dish Dish Network
A Dish Network authorized retailer in San Pablo, Calif. .

Dish Network swung to a loss in the third quarter as it shedded 64,000 pay-TV subscribers.

The loss was a surprise to Wall Street. Dish also missed on analysts’ revenue estimates. By the end of the day, Dish stock lost nearly 40% of its value, closing at $3.44 a share.

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