Dish Falls Most in 23 Years After Earnings Miss Ahead of Merger

(Bloomberg) — Dish Network Corp. suffered its worst stock decline in 23 years after reporting disappointing third-quarter revenue and a drop in wireless customers that was much worse than analysts predicted.

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The satellite TV provider had turned to building a wireless broadband business as its pay-TV offerings falter. But Dish lost nearly five times as many mobile customers as analysts had expected.

The shares fell 22% to $4.28 at 11:37 a.m. in New York, the biggest…