DirecTV narrows losses in Q1

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DirecTV, America's largest satellite pay-TV operator, this week announced it had narrowed first quarter losses as it boosted subscriber numbers and trimmed costs.

The News Corporation-controlled broadcaster lost $41.4m in the three months to the end of March, down from a loss of $638.8m in the year-ago period.

Revenues rose by 26% to $3.15bn. On March 31 DirecTV had 14.45m subscribers, up 14% on the year.

DirecTV chief executive Chase Carey said: "Although these results reflect steady progress in key operating areas such as churn, upgrade and retention marketing and subscriber acquisition costs, we still have much to accomplish as we continue to drive profitable growth.

"We are moving quickly to enhance our service and in the coming months we will have launched three new satellites that will greatly expand our capacity and enable us to introduce an array of compelling new programming services, including additional local channels in high-definition format.

"We will roll out our new interactive digital video recorder in the summer, followed shortly thereafter by the launch of a suite of enhanced new services for our exclusive NFL Sunday Ticket package."

Lovelacemedia  |  05.05.2005

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