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ENGLEWOOD, Colo. – Dish Network Corp., the nation's second-largest satellite TV broadcaster, on weekday reportable that its first-quarter gain income more than doubled, helped by a papers settlement with TiVo Inc.

Dish's have jumped on programme of the settlement, which removes a measure of dubiety for investors. Shares rose $4.75, or 19 percent, to near at $29.79 Monday. They hit a three-year broad of $29.95 in opening trading.

The Englewood, Colo., consort also reportable adding a gain 58,000 subscribers after three lodging of losses, transfer its amount to 14.2 million.

Dish is initially paying TiVo, the maker of digital recording recorders, $290 million. Dish had $517 meg tucked absent in a litigation jock fund, and is today backward $335 meg of that to its coffers.

That boosted Dish's first-quarter gain income to $549 million, or $1.22 per share, up from $231 million, or 52 cents per share, a year earlier.

Analysts on average due Dish to acquire 68 cents per deal in the prototypal quarter, as polled by FactSet, but that judge excludes the litigation settlement, so a relevant comparison was not directly available.

In total, Dish and EchoStar Corp., a Dish spin-off that makes set-top boxes, module pay TiVo $500 million.

Dish and EchoStar module make the remaining $200 meg in payments in installments until 2017, with Dish paying 95 percent.

TiVo sued Dish in 2004, and has scored individual victories in court. Two weeks ago, it won an enjoinment forcing Dish to turn soured some of its senior set-top boxes with DVR functions.

Dish's first-quarter income rose 5.5 proportionality to $3.22 billion on higher monthly fees.

Dish also said it has appointed one of its executives, Michael Kelly, to nous Blockbuster, the video-store concern the consort bought out of bankruptcy.

"Michael was the visionary behind our acquisition of Blockbuster," Charlie Ergen, Dish's chairman and CEO, said in a statement.

Previously, buffoon was executive evilness president of Dish's Commercial Services division and the Direct Sales and Media Sales organizations.

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