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DirecTV's net income down slightly, uptick in HD consumption blamed

Darren Murph

We already heard plenty of rosy news out of the Comcast camp, and generally speaking, the message is equally positive from DirecTV. Granted, the firm reported "only" $348 million in net income compared to $356 million a year earlier, but revenues managed to skyrocket some 17-percent. The reason, according to CNN Money, is the substantial uptick in demand for "more costly high-definition TV and digital recording features." Also of note, DTV hooked nearly half a million new subscribers in Q4 alone, and the monthly churn rate had dropped to 1.42-percent -- its "lowest in eight years." Consumers flocking to HD? Imagine that!

[Via Bloomberg]

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