Net income declines 54%

Dish Network Corp. reported a 54% drop in third-quarter net income as it spent more on promotions to keep customers from canceling and wrote down the value of its investments.

For only the second time in Dish’s history, the Englewood, Colo.-based company saw a decline in net new subscribers -- the number of customers who sign up minus those who cancel. It lost 10,000 net subscribers to end the quarter with 13.8 million customers. It had gained 110,000 in the same quarter last year.