DIRECTV Announces Record First Quarter Growth.EL SEGUNDO El Segundo (ĕl sēgŭn`dō), industrial city (1990 pop. 15,223), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1917. Its products include navigation and computer systems, aircraft parts, office machines, telephone apparatus, and , Calif.--(BUSINESS WIRE)--April 6, 1999--DIRECTV, Inc., a unit of Hughes Electronics Corporation, today announced it acquired a record 120,000 net new subscribers in March, resulting in a record first quarter addition of 304,000 net new subscribers. DIRECTV's performance represents a 34 percent increase in net subscriber acquisition over the first quarter of 1998, which had previously been its record first quarter. During this period, DIRECTV's cumulative subscriber base grew from 4.46 million to 4.77 million, equivalent to one of every 21 television households in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and average subscriber revenue per month increased to $47. -0- Month 1998 1999 Percent Increase January 81,000 91,000 12% February 71,000 93,000 31% March 75,000 120,000 60% Total: 227,000 304,000 34% DIRECTV DirecTV (trademarked as "DIRECTV") is a direct broadcast satellite (DBS) service based in El Segundo, California, USA, that transmits digital satellite television and audio to households in the United States, the Caribbean and Latin America except for Mexico. President Eddy W. Hartenstein Hartenstein may refer to:
Men's Sports
v. re·sound·ed, re·sound·ing, re·sounds v.intr. 1. To be filled with sound; reverberate: The schoolyard resounded with the laughter of children. 2. success of `The Lost World,' our first original programming movie, it's clear that consumers are selecting DIRECTV for our exclusive and differentiated programming, for the quality of our picture and sound, and our first-class customer service." First quarter 1999 highlights included: -0-
-- The announcement by Hughes to acquire the PRIMESTAR medium-power
DBS business and related high-power Tempo satellite assets;
-- Two national consumer retail offers that included free
programming and free professional installation of a DIRECTV
System;
-- A multiyear agreement with Columbia TriStar Advertiser Sales
(CTAS) in which CTAS serves as the exclusive representative for
national spot sales on cable networks and advertiser-supported
channels on DIRECTV;
-- An exclusive collegiate basketball package that offered
subscribers up to 34 out-of-market broadcasts from the first
three rounds of the NCAA Men's Basketball Tournament;
-- DIRECTV's launch of original programming with the exclusive movie
premiere of Sir Arthur Conan Doyle's "The Lost World," executive
produced by John Landis; and
-- The announcement of new initiatives to bring interactive services
to consumers, including enhanced broadcasting powered by Wink
Communications and time-shifted television delivered by Philips
Electronics and TiVo.
DIRECTV is a registered trademark of DIRECTV, Inc., a unit of Hughes Electronics Corporation. The earnings of Hughes are used to calculate the earnings per share attributable to GMH GMH General Motors Holden's (NYSE NYSE See: New York Stock Exchange symbol) common stock. Visit DIRECTV on the World Wide Web at www.directv.com. |
|
||||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion