Summary Box: DirecTV grows 2Q profit, eyes Hulu

AP News
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Posted: Aug 04, 2011 4:47 PM
Summary Box: DirecTV grows 2Q profit, eyes Hulu

LATAM STRENGTH: Satellite TV provider DirecTV reported second-quarter net income up 29 percent, beating expectations, as it added 472,000 net new subscribers in Latin America. U.S. subscriber growth was below forecasts at 26,000.

HULU INTEREST: CEO Michael White said DirecTV is interested in potentially buying online video service Hulu, which could accelerate the company's push to offer its video package on mobile devices.

SHARE ACTION: Economic worries and a big sell-off in stocks helped push down DirecTV shares by $2.84, or 5.7 percent, to $46.63 in late trading Thursday.