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View Full Version : DN Statement: Success ES11, Failed ES2



drjeckyll
07-17-2008, 01:39 PM
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) : July 14, 2008
DISH NETWORK CORPORATION
(Exact name of registrant as specified in its charter)

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Item 8.01 Other Events.

On July 15, 2008, our EchoStar 11 satellite was successfully launched into geosynchronous transfer orbit. Following in-orbit testing, EchoStar 11 will be located at the 110 degree orbital location, where it will provide additional high-powered capacity to support expansion of our programming services, including high definition programming.

On July 14, 2008, our EchoStar 2 satellite experienced a substantial failure that appears to have rendered the satellite a total loss. EchoStar 2 had been operating from the 148 degree orbital location primarily as a back-up satellite, but had provided local network channel service to Alaska and six other small markets. All programming and other services previously broadcast from EchoStar 2 were restored to Echostar 1, the primary satellite at the 148 degree location, within several hours after the failure. EchoStar 2, which was launched in September 1996, had a book value of approximately $6.4 million as of June 30, 2008.