Dish Network Corp. a provider of satellite TV services reports plans to levy a $1 billion debt offering with its subsidiary Dish DBS using the proceeds of the offering for general corporate purposes.

Dish Network said Monday that its second-quarter profit slid 81 percent on TiVo Inc. litigation costs and rising expenses, but the nation's second largest satellite TV provider managed to add subscribers and maintain revenue. The company's low-cost provider approach has been weakened by competitors' aggressive promotional pricing, and signal theft and other types of fraud have also hurt the company.

Dish is not alone in this dilemna, as this month, DirecTV Group Inc., also reported a drop in profit as higher customer-acquisition costs offset revenue growth. Shares of Dish Network are up 67 percent for the year and fell 1 cent to $18.52 in Wednesday morning trading.