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January 8, 2002 | SALLIE HOFMEISTER, TIMES STAFF WRITER
When Roxanne Austin was promoted to president of DirecTV in June, the nation's leading satellite television provider was in a bad slump. Costs had rocketed, the company's growth rate was slowing, and shares of DirecTV's parent, Hughes Electronics Corp., had dropped to new lows. Austin made quick and sweeping changes, ranging from using in-house sales teams for the first time to requiring customers to sign up for a year's worth of DirecTV service.
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BUSINESS
January 8, 2002 | SALLIE HOFMEISTER, TIMES STAFF WRITER
When Roxanne Austin was promoted to president of DirecTV in June, the nation's leading satellite television provider was in a bad slump. Costs had rocketed, the company's growth rate was slowing, and shares of DirecTV's parent, Hughes Electronics Corp., had dropped to new lows. Austin made quick and sweeping changes, ranging from using in-house sales teams for the first time to requiring customers to sign up for a year's worth of DirecTV service.
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BUSINESS
June 27, 2001 | SALLIE HOFMEISTER, TIMES STAFF WRITER
In the second management shake-up in two months, Hughes Electronics Corp. on Tuesday named a new president for its DirecTV unit in an effort to shore up disappointing performance at the satellite TV operation. The El Segundo-based company named Chief Financial Officer Roxanne Austin president and chief operating officer of DirecTV, the largest division of Hughes. She will report to DirecTV Chairman and Chief Executive Eddy Hartenstein.
BUSINESS
June 27, 2001 | SALLIE HOFMEISTER, TIMES STAFF WRITER
In the second management shake-up in two months, Hughes Electronics Corp. on Tuesday named a new president for its DirecTV unit in an effort to shore up disappointing performance at the satellite TV operation. The El Segundo-based company named Chief Financial Officer Roxanne Austin president and chief operating officer of DirecTV, the largest division of Hughes. She will report to DirecTV Chairman and Chief Executive Eddy Hartenstein.
BUSINESS
November 22, 2003
* News Corp. said Mitchell Stern would become president and chief executive of DirecTV after it buys a controlling stake in the satellite television company, as reported Thursday in the Los Angeles Times. Roxanne Austin, DirecTV's president and chief operating officer since June 2001, will leave once the sale is complete. * Mattel Inc. increased its annual dividend from 5 cents to 40 cents and will buy back as much as $250 million in stock to return excess cash to shareholders. * Home Depot Inc.
BUSINESS
September 29, 2002
I read with interest your article regarding the Hughes-EchoStar merger, and the speculation of a management-led buyout of DirecTV if federal regulators fail to approve the merger. The focus of the management team of Hughes and its operating businesses is to successfully complete the merger with EchoStar and to operate our company as efficiently and competitively as we can. DirecTV President Roxanne Austin has denied statements in your article, attributed to "sources," that she has indicated to her top leadership team that a DirecTV management buyout is a possibility if the merger is not approved.
BUSINESS
March 13, 2003 | Sallie Hofmeister, Times Staff Writer
Walt Disney Co. has new allies in the fight to keep ABC Family channel on DirecTV. Fans of televangelist Pat Robertson's talk show, "The 700 Club," which appears several times each weekday on ABC Family, have flooded DirecTV President Roxanne Austin's corporate office with phone calls to protest its plans to drop the channel.
BUSINESS
September 30, 2003 | From Bloomberg News
Hughes Electronics Corp.'s DirecTV said it would add more subscribers this year than it had expected because of the success of a football programming package and other promotions. Revenue at the satellite television unit also will top recent forecasts, El Segundo-based Hughes said in a Securities and Exchange Commission filing. DirecTV has raised its subscriber forecast at least twice this year as uncertainty has abated over who will control it. EchoStar Communications Inc.
BUSINESS
June 14, 2002 | JUBE SHIVER JR., TIMES STAFF WRITER
Broadcast satellite operator DirecTV and other rivals of the nation's big cable TV operators won a victory Thursday when federal regulators extended a government law granting cable competitors equal access to cable TV programming. The 3-1 vote by the Federal Communications Commission was an acknowledgment by the agency that a decade of government effort to stimulate greater competition in the cable-TV market had fallen short. Cable giants such as AT&T Corp., Comcast Corp.
BUSINESS
October 15, 2003 | From Reuters
Hughes Electronics Corp. on Tuesday reported a wider quarterly loss but said revenue rose as its exclusive rights to broadcast out-of-market National Football League games propelled growth at its satellite television service DirecTV. The El Segundo-based company reported a net loss of $23 million, compared with a net loss of $14 million last year. The wider loss reflected a $65-million accounting charge taken to assume the liabilities of DirecTV Latin America units in Costa Rica and Venezuela.
BUSINESS
January 17, 2001 | From Bloomberg News
Hughes Electronics Corp., the owner of DirecTV, on Tuesday said that its fourth-quarter loss narrowed as it added more customers at the No. 1 satellite-television service than analysts had forecast. Hughes' loss from continuing operations narrowed to $60.3 million from $283.7 million a year earlier as DirecTV added 527,000 subscribers. Hughes didn't report per-share losses. Sales rose 21% to $2.06 billion, from $1.7 billion, the company said.
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