Regulatory considerations are the biggest deterrent DirecTV faces to making more acquisitions, CEO...
Regulatory considerations are the biggest deterrent DirecTV faces to making more acquisitions, CEO Mike White said Thursday during its earning call: “We're always looking opportunistically for acquisitions. … Clearly, in our industry being a regulated industry, probably the one, two…
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and three consideration is always regulatory in that regard. Frankly, you have to look at the current landscape post the [AT&T/] T-Mobile deal and at least be reasonably careful in making assessments about what regulatory situation there might be.” Programming costs continued to hurt DirecTV in Q4 2011, growing by 13 percent per subscriber, said Bernstein Research analyst Craig Moffett in a note to investors. DirecTV had $7.46 billion revenue in Q4, up 13 percent from the same quarter a year ago, the company said. Operating profit grew to $1.78 billion in the quarter, up 6 percent from Q4 a year ago, it said. Profit margin fell from 25.4 percent in Q4 2010 to 23.9 percent in Q4 2011, largely due to higher programming costs, the company said.