Dish Network says increased competition is slowing Sling TV subscriber growth

Dish Network has been relying on its streaming service Sling TV to offset declines in its traditional satellite TV business. But the company said competition is catching up with Sling TV, too.During the second quarter, Dish said it lost a net 151,000 pay TV subscribers, an improvement over the 196,000 subscribers it lost in the year-ago quarter. Dish’s satellite service lost 192,000 subscribers and Sling TV subscribers rose by only approximately 41,000.In all, Dish ended the quarter with 10.653 million Dish TV subscribers and 2.344 million Sling TV subscribers for a total of 12.997 million pay TV subscribers, down from 13.332 million pay TV subscribers at the end of the year-ago quarter.In a 10-Q filing with the SEC, Dish outlined the increasing competition that’s facing Sling TV. The company pointed toward Netflix, Hulu, Apple, Amazon, Alphabet, Verizon, DirecTV, Sony, YouTube, Fubo and Philo, as well as programmers like HBO and Showtime that are selling direct to consumers.