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ENTERTAINMENT
July 13, 2012 | By Joe Flint
DirecTV subscribers looking to plop the kids in front of the TV to watch Nickelodeon this weekend will likely have to use Netflix instead. Although talks between the satellite broadcaster and Viacom Inc., parent of cable channels MTV, Nickelodeon, Comedy Central and VH1 continue, reaching a deal before the end of the weekend seems unlikely. DirecTV subscribers have been without Viacom's channels since Tuesday night. Meanwhile, the war of words continues. Viacom has been bombarding the airwaves and newspapers with ads critical of DirecTV and encouraging its subscribers to switch to other distributors.
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ENTERTAINMENT
July 20, 2012 | By Joe Flint
SpongeBob SquarePants and Snooki are coming back to DirecTV. Cable programming giant Viacom and satellite broadcaster DirecTV reached a deal early Friday morning, ending a nine-day battle that left about 20 million homes without more than a dozen popular channels including MTV, Nickelodeon, Comedy Central and VH1. The dispute related to the fees that Viacom was seeking for its programming, which DirecTV viewed as a steep hike. In a statement, DirecTV executive vice president Derek Chang said, "We are very pleased to be able to restore the channels to our customers and thank them for their unprecedented patience and support.
ENTERTAINMENT
November 15, 2012 | By Joe Flint
The Lakers may not have Phil Jackson but at least they have DirecTV. Ending a long standoff, satellite broadcaster DirecTV has reached an agreement to carry Time Warner Cable's SportsNet, which is the new television home for the Lakers. As part of the pact, DirecTV will also carry Deportes, the Spanish-language sister channel of SportsNet. Laker fans who have DirecTV won't be the only ones cheering the decision. Many bars and restaurants with DirecTV have seen their businesses take a hit without having Laker games on the big screen.
ENTERTAINMENT
July 18, 2012 | By Joe Flint
A top executive at Viacom said Wednesday that talks with DirecTV over a new agreement have broken down. In an interview, Denise Denson, Viacom Inc.'s executive vice president of content distribution, said the media giant was no longer in negotiations with DirecTV Inc. over a deal to return its cable networks to the satellite broadcaster's service. "I really don't see any end in sight, truthfully," Denson said. DirecTV stopped carrying Viacom channels on the evening of July 10, leaving 20 million subscribers without Comedy Central, MTV, Nickelodeon and other popular networks.
BUSINESS
February 16, 2012 | Bloomberg News
DirecTV, the largest U.S. satellite TV provider, reported a 16% increase in fourth-quarter profit as customer gains in Latin America climbed to a record. Net income rose to $718 million, or $1.02 a share, from $618 million, or 74 cents, a year earlier, the El Segundo company said Thursday. Analysts predicted a profit of 92 cents a share in a Bloomberg survey. The company also said it plans to start a $6-billion share-buyback program. DirecTV gained 590,000 customers in Latin America, topping the record 574,000 achieved in the previous quarter as it added services to challenge pay TV rivals.
ENTERTAINMENT
November 26, 2012 | By Joe Flint
Comcast Corp.'s NBCUniversal is wrapping up a new distribution deal with satellite broadcaster DirecTV, people close to the talks said. For NBCUniversal, parent of broadcast networks NBC and Telemundo as well as cable channels CNBC, Bravo, USA and MSNBC, among others, the agreement is the latest in a slew of new distribution contracts with the nation's largest pay-TV providers. Earlier this month, NBCUniversal reached a similar accord with Cablevision Systems Corp., the New York-based cable operator that has over 3 million subscribers.
BUSINESS
November 3, 2011 | Bloomberg News
DirecTV, the largest U.S. satellite- television provider, reported a 7.7 percent increase in third- quarter profit after a football promotion helped it gain U.S. subscribers. Net income climbed to $516 million, or 70 cents a share, from $479 million, or 55 cents, a year earlier, DirecTV said today in a statement. Sales increased 14 percent to $6.84 billion, compared with analysts' $6.78 billion projection. DirecTV, based in El Segundo, California, added 327,000 U.S. users, driven by demand for its NFL Sunday Ticket promotion.
ENTERTAINMENT
November 15, 2012 | By Joe Flint
Lakers fans are finally getting some good news. Satellite broadcaster DirecTV has struck a deal to carry SportsNet, the Time Warner Cable-owned network that is the new TV home for the Lakers, sources close to the talks said. An announcement could come as early as this afternoon, they said. The deal ends a long standoff between the two companies. DirecTV has about 1.7 million subscribers in Southern California and having it carry SportsNet and sister Spanish-language channel Deportes was crucial for Time Warner Cable.
ENTERTAINMENT
January 13, 2014 | By Joe Flint
The Weather Channel just got rained on by DirecTV. The satellite broadcaster, one of the nation's biggest pay-TV distributors with over 20 million subscribers, stopped carrying the Weather Channel as of midnight eastern standard time after the two companies couldn't come to terms on a new distribution deal. "We offered DirecTV the best rate for our programming, and I'm shocked they have put corporate profits ahead of keeping a trusted channel that subscribers rely on every day," said Weather Channel Chief Executive David Kenny.
ENTERTAINMENT
June 12, 2013 | By Joe Flint
WASHINGTON -- Consumers should get to choose which broadcast networks they want to pay to receive, a senior DirecTV executive told Congress on Wednesday. In testimony to a House Energy and Commerce subcommittee on communications and technology, DirecTV executive vice president Mike Palkovic said new rules are needed for broadcasters such as CBS, NBC, ABC and Fox when it comes to negotiating distribution contracts with pay-TV distributors. "Broadcasting remains governed by antiquated laws designed to favor the broadcaster over the viewing public," Palkovic said.
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