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BUSINESS
November 30, 2006 | From Bloomberg News
DirecTV Group Inc. of El Segundo, seizing on a court ruling against Englewood, Colo.-based EchoStar Communications Inc., is offering some customers of the rival satellite television service $150 to switch providers. Subscribers to EchoStar's Dish Network who are losing broadcast network channels because of the ruling also are being offered free equipment and installation, DirecTV said. The ruling gives News Corp.
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BUSINESS
November 9, 2006 | From the Associated Press
Satellite television broadcaster DirecTV Group Inc. said Wednesday that its third-quarter profit nearly quadrupled, driven by higher revenue and a lower rate of customer defection. Shares of the El Segundo company, controlled by Rupert Murdoch's News Corp., rose $1.13, or 5.2%, to $22.97. Its earnings surged to $370 million, or 30 cents a share, in the three months ended Sept. 30, up from $95 million, or 7 cents, a year earlier. Revenue rose 13% to $3.67 billion.
BUSINESS
November 7, 2006 | From the Associated Press
John Malone's Liberty Media Corp. said it had made progress in talks about swapping its stake in News Corp. for a stake in DirecTV Group Inc. or other assets owned by Rupert Murdoch's global media conglomerate. Liberty also reported Monday that it swung to a third-quarter profit, driven by gains across its units. Liberty, based in Englewood, Colo., remains interested in acquiring News Corp.'
BUSINESS
October 13, 2006 | From Reuters
Liberty Media Corp. confirmed Thursday that it might swap its stake in News Corp. for a controlling interest in DirecTV Group Inc., a move that would thrust cable pioneer John Malone into the satellite television arena. Malone, Liberty Media's chairman, has been in discussions with News Corp. Chairman and Chief Executive Rupert Murdoch over making a swap for Liberty Media's approximately 20% stake in News Corp. since Malone quietly snapped up shares in 2004.
BUSINESS
September 15, 2006 | Sallie Hofmeister, Times Staff Writer
Rupert Murdoch spent more than a decade trying to gain control of DirecTV Group Inc., the nation's leading satellite TV operator. But the chairman of News Corp. appears willing to give that up for something he values even more: bulletproof control of his own company. Murdoch is negotiating to swap his 38% stake in El Segundo-based DirecTV to cable pioneer John Malone for the 19% voting stake in News Corp. owned by Malone's Liberty Media Corp.
BUSINESS
September 7, 2006 | From Bloomberg News
Two Colorado senators have asked for an investigation into whether News Corp.'s refusal to agree to a $100-million settlement with EchoStar Communications Corp. last week was driven by an attempt to get viewers to switch to News Corp.'s DirecTV Group Inc. from EchoStar's Dish Network satellite TV service. Sens. Wayne Allard and Ken Salazar, in a Sept. 1 letter to the Senate Judiciary Committee, said News Corp.'
BUSINESS
August 30, 2006 | Meg James, Times Staff Writer
The family that helped launch satellite television provider DirecTV said Tuesday that it had teamed with a group of investors, including movie moguls Harvey and Bob Weinstein, to buy Ovation, a tiny cable channel devoted to the arts. Despite an already cluttered media landscape, the deal shows that investors remain interested in very specialized television channels.
BUSINESS
August 17, 2006 | From Reuters
A joint venture of rival satellite television providers DirecTV Group Inc. and EchoStar Communications Corp. bowed out of a multibillion-dollar auction Wednesday of U.S. licenses for advanced wireless services. Analysts said the bidding probably got too high for the companies, which could instead pursue partnerships or acquisitions to add high-speed wireless Internet service to their product lineups to meet growing consumer demand.
BUSINESS
August 9, 2006 | From the Associated Press
DirecTV Group Inc., the country's largest satellite TV operator, said that second-quarter earnings nearly tripled because of an accounting change and that revenue rose 10%. But the company's subscriber growth slowed as it continued to target customers less likely to skip monthly payments and faced tougher competition from cable companies that offer customers a bundled package of TV, phone and high-speed Internet service. DirecTV, based in El Segundo and controlled by Rupert Murdoch's News Corp.
BUSINESS
June 10, 2006 | From Bloomberg News
DirecTV Group Inc. of El Segundo and EchoStar Communications Corp., the top two U.S. satellite television broadcasters, agreed to resell high-speed Internet service provided by closely held WildBlue Communications. DirecTV and Englewood, Colo.-based EchoStar each will offer Denver-based WildBlue's service for five years, the companies said. Terms were not disclosed. DirecTV and EchoStar plan to sell the Internet service to their TV customers as well as to non-customers.
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