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BUSINESS
January 28, 2005 | From Associated Press
DirecTV Group Inc. reported Thursday a $283-million fourth-quarter loss as the operator of the nation's biggest satellite TV service added a record number of subscribers at a higher cost. DirecTV, which is majority owned by News Corp., also said that because of that higher cost, it intended to raise rates an average of 4% per customer in March.
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BUSINESS
November 3, 2004 | From Times Wire Services
DirecTV Group Inc. reported a significantly larger third- quarter net loss after writing down the value of two satellites that will be switched to transmit TV signals rather than provide Internet access. The El Segundo-based company reported a net loss of $1.01 billion, or 73 cents a share, in the three months ended Sept. 30, compared with a loss of $23 million, or 2 cents, a year earlier. Revenue increased 20% to $2.86 billion from $2.38 billion in the same quarter last year.
BUSINESS
August 3, 2004 | From Reuters
DirecTV Group Inc. plans to buy the satellite television assets of Pegasus Communications Corp. and settle a legal squabble for $938 million, the companies said Monday. The companies have bickered in and out of court for the last five years over the length of Pegasus' resellers contract. The deal brings a resolution to years of feuding. It also lets News Corp.-controlled DirecTV quickly apply triage to Pegasus' under-performing rural markets.
BUSINESS
July 30, 2004 | Sallie Hofmeister
NBC Universal signed its first major pay-TV distribution deal since completing the $14-billion merger this spring of the broadcast giant with the Hollywood studio, theme park and cable programming company. News Corp.'s DirecTV satellite unit has agreed to continue carrying USA Network and the Sci Fi channel, while also getting the rights to carry the Bravo channel and NBC's Summer Olympics programming in high-definition.
BUSINESS
July 28, 2004 | From Bloomberg News
Grupo Televisa, the world's largest Spanish-language broadcaster, said Tuesday that it was seeking to acquire DirecTV Group Inc.'s subscribers in Mexico to become the country's only provider for satellite television service. "We would like to buy DirecTV's subscribers in Mexico but not the whole company," said Alfonso de Angoitia, Televisa's executive vice president, during a second-quarter conference call. "Hopefully, that will be during 2004, but I cannot comment on specific negotiations."
BUSINESS
July 7, 2004 | Sallie Hofmeister, Times Staff Writer
DirecTV Group Inc. and EchoStar Communications Corp., the nation's two biggest satellite-television services, said Tuesday that they received letters from the Securities and Exchange Commission asking for information on how they count subscribers. The letters to DirecTV and EchoStar are part of the commission's investigation into how companies count subscribers. The agency also contacted cable TV providers such as Comcast Corp. and phone companies including Verizon Communications Inc.
BUSINESS
June 30, 2004 | From Bloomberg News
DirecTV Group Inc. on Tuesday dropped a lawsuit it filed last week against EchoStar Communications Corp. after EchoStar agreed to stop running advertisements that said customers who received DirecTV in rural areas might lose service. DirecTV, the biggest U.S. satellite television provider, claimed in a federal lawsuit in Los Angeles that the EchoStar ads falsely stated that some subscribers might lose service because of a contract dispute between DirecTV and Pegasus Communications Corp.
BUSINESS
June 16, 2004 | From Bloomberg News
Pegasus Communications Corp. sued DirecTV Group Inc., the biggest U.S. satellite television provider, and a rural telecommunications organization, claiming they sought to destroy Pegasus by stealing its business. DirecTV and the National Rural Telecommunications Cooperative this month ended Pegasus' exclusive contract to resell service to 8.4 million U.S. households in 41 states, prompting Pegasus' satellite TV unit to file for bankruptcy protection.
BUSINESS
June 9, 2004 | David Colker, Times Staff Writer
TiVo Inc., the Silicon Valley darling famous for its time-shifting television service, saw its stock drop 14% on Tuesday after satellite television provider DirecTV Group Inc. said it had sold its 4% stake in the company. DirecTV has been a major source of TiVo subscribers, providing nearly 75% of its new customers in the last quarter, according to TiVo regulatory filings.
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