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6 percent, to $18 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 4 percent from 1 51 billion from $2 S DirecTV's Loss Widens, Revenues Higher May 4, 2:36 PM EST The DirecTV Group Inc DirecTV is controlled by Australian media conglomerate News Corp The unit's average monthly churn rate, referring to loss of customers, improved to 1 55 billion and the assumption of $750 million in debt 5 percent a year earlier 06 billion a year earlier, driven by an 8 percent increase in average monthly subscriber revenue 's net subscriber additions were 460,000 for the quarter, compared with 275,000 additions a year earlier 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 operating profit dropped to $21 million from $106 million a year earlier 20 on the New York Stock Exchange The company recorded increased subscriber acquisition costs, higher retention and upgrade expenses and costs from the accounting change In April, DirecTV agreed to sell PanAmSat, its 81 percent-owned satellite unit, to Kohlberg Kravis Roberts & Co DirectTV's first-quarter revenue grew to $2 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 The sale is part of DirecTV's plan to shed noncore assets and begin aggressive expansion of its television offering 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 8 million, or 13 cents a share 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 S broadcast operations, first-quarter revenue grew to $2 The revenue was below Thomson First Call's average analyst estimate of $2 's first-quarter loss widened sharply as an accounting charge and the pending sale of PanAmSat Corp Despite the revenue growth, DirecTV's U DirecTV U offset a 22 percent rise in revenue In afternoon trading, shares of DirectTV edged up 10 cents, or 0 At the end of the quarter, DirecTV had 11 A year earlier, DirecTV posted a loss excluding items of $72 million, or 5 cents a share DirecTV's first-quarter income from continuing operations, excluding the accounting change, was $177 08 billion from $1 S for $3 At the company's U 71 billion a year earlier 6 billion 1 million subscribers, up 14 percent from a year earlier "It's a complete deconstruction and reconstruction," says Dangermouse, who says he spent two weeks on the project " Burton, who has produced tracks for artists like the rapper Cee-Lo and released the album "Ghetto Pop Life" last year with artist Jemini on Lex Records, was not getting involved with the Internet protest Jay-Z's label, Roc-a-fella Records, didn't take any action against Dangermouse " But EMI, which owns the Beatles recordings, sent Burton a cease-and-desist order "I intended for it to be for friends and for people who knew my stuff She says EMI routine approves samples and remixed works (usually for a price) While Damon Dash, head of Roc-a-fella, told The Associated Press that proper permission should have been obtained, he said, "I think it hot The album's profile may have gotten even bigger Tuesday, when the music activism site downhillbattle co m "Their kids are asking for Beatles records now It's two great legends together "Not only are they telling musicians the kind of music they can or cannot create, they're trying to tell the public what we can and cannot listen to "We're not against sampling, We're not against remixes, we've been really progressive in it," she said "The work is unauthorized, and people who are hosting it or are streaming it are being advised to stop It's the Beatles "I'm getting people like high school teachers using it as a lecture," he says, adding that Beatles fans have become more appreciative of Jay-Z's work, and vice versa I wanted to kind of have that be passed on to other people, that such radical things can really work "What's going on is that EMI is censoring a work of art," he said downhillbattl e He says the real intent of creating the "Grey Album" wasn't to protest copyright laws, but to create a musical dialogue between fans org urged fans to post the music on Web sites for a day to protest EMI's cease-and-desist order Although he only pressed up a few thousand copies on CD, it has become a hotly traded album on the Web, sparking the consternation of the Beatles' parent label and an Internet protest in support of Dangermouse "The DJ did not ask permission at any time â€â€? never approached us," said Jeanne Meyer, senior vice president of corporate communications for EMI Jay-Z-Beatles Album an Unauthorized Hit Feb 25, 8:24 AM EST When DJ Dangermouse decided to combine raps from Jay-Z's "The Black Album" with music from the Beatles' legendary "White Album" to create "The Grey Album," he didn't have permission from either side to do it â€â€? and he didn't care Not that Dangermouse could remove all the copies from the Internet, even if he wanted to " â€â€?â€â€?â€â€? On the Web: www That's an understatement djdangermouse " However, Meyer said the issue was not about censorship, but copyright protection It was my intent to make an art project," the Los Angeles-based producer told The Associated Press "This was not my intent to break copyright laws Although Dangermouse says he created the "Grey Album" only for fans and friends, he did sell some copies to record stores and promote it on his Web site, www I figured it would get passed around, and it would be this little underground thing, but it kind of took off on its own," said the music producer, born Brian Burton The ingenious album reconfigures the trippy Beatles rock to jibe with the Jay-Z's rough acapella raps org We think EMI's attempts to censor it and prevent the public from hearing it are a huge problem and we shouldn't allow that kind of corporate censorship It's just the latest of countless unauthorized DJ mixes that have multiplied thanks to the power of the Internet Nicholas Reville, a co-founder of the site, says more than 150 sites have participated |
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