[Satellite Today 05-08-09] DirecTV Group Inc. posted earnings of $201 million in the 2009 first quarter, down 46 percent from the same period in 2008, the company announced May 7.
Revenues improved 7 percent to $4.9 billion in the first three months of 2009 due mainly to growth at DirecTV U.S. and DirecTV Latin America. But operating profit fell 35 percent to $424 million due to higher acquisition costs at DirecTV U.S. related to the increase in gross subscriber additions and higher general and administrative expenses at DirecTV Latin America
DirecTV posted net subscriber additions of 460,000 in the quarter.
DirecTV Earnings Fall in First Quarter
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