Pegasus Satellite said its first-quarter loss widened to $29 mill...
Pegasus Satellite said its first-quarter loss widened to $29 million from $25 million a year ago as it lost 32,642 subscribers to DirecTV. Revenue declined to $205.5 million as Pegasus, which resells DirecTV service in rural markets, ended the…
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quarter with 1.27 million customers. It added 38,990 gross new subscribers in the quarter vs. 64,549 a year ago, but lost 71,692. Pegasus suffers from a lack of access to local programming, including 15 markets in which it competes against EchoStar, CEO Marshall Pagan said. That should be reduced to 5 later this year as DirecTV expands local programming to 66 markets, he said.