Should SiriusXM Ask Howard Stern To Take A Pay Cut?

Fans of the shock jock won’t like the conclusions that Macquarie Equities Research’s Amy Young reaches in a new report on this provocative question. HowardSternWhile Howard Stern was a big draw for SiriusXM in 2004 when he agreed to … Read More »

Comments 68

DirecTV Stock Up After It Trounces Q1 Earnings Estimates

By | Tuesday May 7, 2013 @ 6:01am PDT

Even though net income fell, it exceeded forecasts enough to send the share price up more than 6% in pre-market trading. The No. 1 satellite company says Q1 earnings came in at $698M, -5.8% vs the period last year, on revenues of $7.58B, +7.6%. Revenues topped the consensus expectation of $7.53B. And earnings at $1.20 a share were well ahead of predictions for $1.08. Excluding a $166M pre-tax charge from a revaluation of the operations in Venezuela, where the currency was devalued in February, earnings would have hit $1.43. The U.S. business more than held its own, even though subscription growth slowed: DirecTV ended the quarter with 10.2M subs, +0.7% vs a year ago, as the company says it is tightening credit policies to focus on “higher quality subscribers.” Domestic revenues rose 5.3% to $5.79B while operating profits were +7.4% to $1.12B. The company says that price increases and an uptick in movie buys outweighed an increase in promotional offers and the absence of one NFL Sunday Ticket game vs last year. Read More »

Comments (2)

DirecTV Slashing Price Of NFL Package

By | Thursday April 19, 2012 @ 3:30pm PDT

DirecTV is dropping the price for its exclusive NFL Sunday Ticket package this year to $199.95 for existing customers, about a 40% reduction over last year’s cost, the company announced today. That’s the lowest price for the service in … Read More »

Comments 25

DirecTV Announces $6B Stock Repurchase As U.S. Sub Growth Slows In Q4

By | Thursday February 16, 2012 @ 4:50am PST

Shares are up in pre-market trading as the satellite company performed well in Q4, with a lot of help from Latin America. DirecTV had net income of $718M in the year-end quarter, up 16.2% vs the period in 2010, on revenues of $7.5B, up 12,7%. The revenue figure slightly beat the $7.4B that the Street anticipated. Earnings at $1.02 a share were well ahead of the 92 cents forecast. At the main business, the U.S. satellite service, revenues were up 9% to $6B as rate increases and higher sales of NFL Sunday Ticket subscriptions outweighed the growing number of discounts DirecTV offered to new customers. The company ended the year with 19.9M domestic subscribers, up 3% vs the end of 2010. The net addition of 125,000 customers in the quarter represents a sharp retreat from the period last year when DirecTV added 289,000 U.S. subscribers. Read More »

Comments (3)

UPDATE: DirecTV Renews Deal With AT&T, But Laments Rising Programming Costs Following Strong 3Q

UPDATE, 11:30 AM: DirecTV shares are up 6.3% after it reported better-than-expected sub growth in 3Q — and a three year extension of its deal with AT&T to sell co-branded TV, broadband, and wired and wireless phone services in 22 states. The agreement, which now runs through March 2015, covers areas where AT&T does not offer its U-verse video service. There’s “no material change” in the terms, DirecTV CEO Mike White told analysts in a conference call. He added that it’s “too soon to say” whether DirecTV will offer more bundles with Verizon broadband services.  ”The question will be how customer friendly the (Internet usage) caps are.”  White says he talks to everybody about packaging broadband service with DirecTV — and that could include Dish Network if it uses the wireless spectrum it’s amassing to sell a wireless Internet service. DirecTV is “thinking Read More »

Comments (0)

Comcast Withdraws Court Compaint Against DirecTV’s NFL Sunday Ticket Ads

By | Friday August 19, 2011 @ 2:37pm PDT

Comcast has declared victory and ended its furious courtroom attack on DirecTV for advertising “no extra charge” NFL Sunday Ticket games. The cable giant says today on its corporate blog that “DirecTV has discontinued or modified its … Read More »

Comments (1)

DirecTV’s ‘NFL Sunday Ticket’ Now Available On PlayStation 3 For A Hefty $339

By | Wednesday August 17, 2011 @ 7:43pm PDT

Sony, in partnership with DirecTV, said today that the satellite TV provider’s popular NFL Sunday Ticket service will be available for live streaming on PlayStation 3 consoles. The package allows viewers to watch out-of-market games and comes free … Read More »

Comments (16)

Comcast Tackled In Effort To Stop DirecTV’s NFL Sunday Ticket Ads

By | Tuesday August 9, 2011 @ 4:24pm PDT

Comcast failed today to block DirecTV from advertising that it offers NFL Sunday Ticket at “no extra charge.” A U.S. District Court judge in Chicago denied the cable giant’s request for a temporary restraining order. Read More »

Comments (12)