Broadband Briefs for 8/04/08
• Dish loses subs, makes more money
By Brian Santo
Dish Network lost about 25,000 subscribers in the quarter ended June 30, 2008, but revenue was still up 5.6 percent year-over-year to $2.91 billion, and profit was up nearly 50 percent.
Net income totaled $336 million for the quarter, compared with $224 million during the corresponding period in 2007.
Dish ended the quarter with approximately 13.79 million subscribers.
• Cablevision names board appointments
By Traci Patterson
Cablevision Systems Corp. has appointed Deborah Dolan-Sweeney and Brad Dorsogna to the company’s board of directors. They are appointments of the Class B stockholders.
Dolan-Sweeney – the daughter of Cablevision Chairman Charles Dolan – is currently the director of the Dolan Family Foundation and the director of the Dolan Children’s Foundation.
Dorsogna is an owner in, and an executive producer at, Artistree Productions. He is the son-in-law of Charles Dolan.
• AT&T launches VoIP service in San Antonio
By Mike Robuck
AT&T said today that it’s now offering a digital voice service in parts of San Antonio.
The U-verse service, which is delivered over AT&T’s IP network, ties in AT&T’s home phone, wireless, broadband and TV services onto one bill.
In late June, AT&T announced that it was pulling up stakes and moving its headquarters from San Antonio to Dallas as part of an effort to have better access to its customers, vendors and a major airport. San Antonio was the headquarters of SBC, which later assumed the AT&T brand after the cable version of AT&T shut its doors.
• Yahoo investors re-elect board
By Brian Santo
After striking an accommodation with dissident investor Carl Icahn, giving Icahn three seats on an expanded Yahoo board, Yahoo shareholders re-elected the company’s entire slate of nominees to its board of directors.
In addition, stockholders voted to approve the ratification of the appointment of PricewaterhouseCoopers as the company’s independent registered public accounting firm. Stockholders rejected proposals relating to a pay-for-superior-performance principle for executive compensation, the establishment of policies on Internet censorship and the creation of a board committee on human rights.
Icahn has already filled the board seat vacated by Robert Kotick, who recently resigned. Yahoo will add two more board seats, and Icahn gets to appoint allies to fill them. The board expects to name the directors to fill the two extra board seats by Aug.15.
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