News Summary: DirecTV loses subscribers

AP News
Posted: Aug 02, 2012 2:21 PM
News Summary: DirecTV loses subscribers

HEADING DOWN: DirecTV is losing subscribers for the first time, as the company tightened credit policies and consumer appetite for pay-TV services appears to have plateaued.

THE NUMBERS: DirecTV Inc. lost 52,000 U.S. subscribers in the April-to-June period. Last year, it added 26,000 in the same period, which is seasonally the weakest of the year.

ELSEWHERE: Other pay-TV companies have reported worsening subscriber trends in the quarter, except for Comcast Corp., which reported reduced losses. Time Warner Cable Inc., the second-largest cable company, lost 169,000 subscribers in the second quarter, a record for the company.