Echostar Churning

Echostar is the first to report consumer defects due to the credit crunch. Echostar also noted that churn was high due to high competition (i.e., cheap, short-term triple play bundles). Forbes.com has the full report.

Although the Englewood, Colo.-based company reported its net income jumped 43% as subscriber sales increased and costs to acquire new customers decreased, its churn rate, i.e. the numbers of subscribers who stopped service, shot up to 1.94% per month for the quarter compared to 1.76% in the prior year.