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20 on the New York Stock Exchange In afternoon trading, shares of DirectTV edged up 10 cents, or 0 The sale is part of DirecTV's plan to shed noncore assets and begin aggressive expansion of its television offering Chief Executive Chase Carey told Wall Street analysts on a conference call that he was unable to give an updated financial forecast because of major changes at the company, including promotions to add subscribers, updated technology and management changes In April, DirecTV agreed to sell PanAmSat, its 81 percent-owned satellite unit, to Kohlberg Kravis Roberts & Co 5 percent a year earlier 's net subscriber additions were 460,000 for the quarter, compared with 275,000 additions a year earlier DirectTV's first-quarter revenue grew to $2 S DirecTV's first-quarter income from continuing operations, excluding the accounting change, was $177 71 billion a year earlier 8 million, or 13 cents a share 1 million subscribers, up 14 percent from a year earlier The revenue was below Thomson First Call's average analyst estimate of $2 At the company's U broadcast operations, first-quarter revenue grew to $2 51 billion from $2 DirecTV is controlled by Australian media conglomerate News Corp S A year earlier, DirecTV posted a loss excluding items of $72 million, or 5 cents a share Despite the revenue growth, DirecTV's U 6 percent, to $18 6 billion The company recorded increased subscriber acquisition costs, higher retention and upgrade expenses and costs from the accounting change DirecTV's Loss Widens, Revenues Higher May 4, 2:36 PM EST The DirecTV Group Inc for $3 operating profit dropped to $21 million from $106 million a year earlier The unit's average monthly churn rate, referring to loss of customers, improved to 1 S DirecTV attributed the subscriber growth to promotions, an improved and more diverse distribution network, a higher number of markets offering local channels and increased advertising 08 billion from $1 The results included several charges, including a $479 million charge from PanAmSat and a $311 million charge for a change in accounting for the costs of acquiring, keeping and upgrading subscribers DirecTV U The losses were partially offset by a pretax gain of $387 million from the sale of 19 million shares of XM Satellite Radio Holdings Inc At the end of the quarter, DirecTV had 11 55 billion and the assumption of $750 million in debt 4 percent from 1 offset a 22 percent rise in revenue 's first-quarter loss widened sharply as an accounting charge and the pending sale of PanAmSat Corp 06 billion a year earlier, driven by an 8 percent increase in average monthly subscriber revenue The El Segundo-based satellite-TV broadcaster said its first-quarter loss broadened to $639 million, or 46 cents a share, from $51 million, or 4 cents a share, a year earlier At 10, he locked himself in a room and perfected his three-fingered method after an argument with older brother Horace Banjo Master Scruggs Gets Hollywood Star Feb 14, 1:19 PM EST It seems fitting that "Foggy Mountain Breakdown" banjo player Earl Scruggs got his star on the Hollywood Walk of Fame on a rainy, foggy morning "It came to me like a dream," he recalled His is the 2,215th star on the Hollywood Boulevard sidewalk, placing him among recent honorees such as "Everybody Loves Raymond" actress Doris Roberts, director Steven Spielberg and "The Hours" star Nicole Kidman The latter song has won two Grammys â€â€? once after being featured in the 1967 film "Bonnie and Clyde" and again in 2001 for a version off his album "Earl Scruggs and Friends Scruggs, 79, grew up on a farm in North Carolina and worked as a textile worker in the early 1940s before he began performing professionally " Scruggs started playing the banjo at 4, in the traditional picking style, using two fingers on the instrument's five strings Scruggs, the banjo master whose three-fingered approach to playing is credited by many with giving bluegrass music its distinctive sound, was honored Thursday with a ceremony in front of the Hollywood Entertainment Museum With Lester Flatt, Scruggs created two well-known pieces of bluegrass music â€â€? the theme song for "The Beverly Hillbillies" TV show and "Foggy Mountain Breakdown," which was recorded in 1949 |
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