Nov 05, 2009

DirecTV Group posted virtually flat third-quarter earnings on Thursday as it reported higher subscriber acquisition costs and slowed net subscriber gains, citing stronger competition and increased disconnects. The satellite TV giant's quarterly profit edged up 1% to $366 million despite a revenue gain of 10% to nearly $5.5 billion. In the U.S., DirecTV recorded 136,000 net subscriber additions, down from 156,000 in the year-ago period. Churn, which tracks subscriber losses, rose from...More