DirecTV, owned by Hughes Electronics
This is probably generating some smiles over at News Corp.
According to DirecTV chief operating officer Roxanne Austin, the company should end the quarter with roughly 320,000 new subscribers and the year with a little more than 1 million new subscribers. Revenues for the year are expected to come in around $7.6 billion -- which is darn good for an operation that's essentially been up and running for only about a decade.
Meanwhile, while DirecTV is marketing a digital video recorder (DVR) that's co-branded with the popular TiVo
Cable companies are also likely wringing their hands and perhaps even gnashing their teeth. DirecTV, growing quickly, already sports more than 11 million subscribers, while its closest competitor, the DISH network of EchoStar Communications
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