Dish swings to small loss on charge

Dish Network, the second-largest US satellite TV company, posted a net loss of $11m in the second quarter as it took a $438m charge related to satellite acquisitions, and reported a decline in gross pay-TV subscribers. The company, founded by billionaire Charlie Ergen, said it took the charge on two of the three satellites it bought in 2011. The firm bowed out of bidding for Sprint and Clearwire in June.