This Chart Explains Why Dish Wants to Be a Wireless Player
Dish Network (NASDAQ: DISH), the last of the major cable television names to post its most recent quarterly results, fared as poorly as its peers. With millions of TV watchers effectively trapped at home with plenty of time to rethink how and what they watch, the satellite television company shed another 413,000 video customers.
The company explained in its official release around 250,000 of those cable subscribers were commercial accounts, like hotels and bars, that are shuttered in response to the COVID-19 contagion. In some cases the satellite TV name lowered prices or suspended service, to be fair to those customers not currently using the service. Others likely canceled on their own. Either way, Dish isn't sure how many of those customers will renew their service once they're able to utilize them again.
Given the trend though, somehow it seems unlikely those subscribers will come flocking back to Dish Network.
Source Fool.com
