EchoStar Profit Down 80 Percent

ENGLEWOOD, August 10: Net
income at EchoStar Communications Corporation for the second quarter plummeted
80 percent to $169 million, on revenues of $2.46 billion, a 17 percent increase
on last year.

The company attributed the
fall in profit to a one-time charge of $593 million to recognize the tax
benefits of previously reported tax losses.

The company’s DISH Network
ended the quarter with 12.46 million subscribers, reflecting a gain of 195,000.