DirecTV Posts 3Q Profit

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DirecTV Group Inc. reported third-quarter net income of $95 million versus a net loss of $1.01 billion in the year-ago period.

The direct-broadcast satellite company said its third-quarter operating profit was $156 million compared with an operating loss of $1.55 billion in the third quarter of 2004.

DirecTV added 263,000 net subscribers during the quarter.

“This demand -- which carried over to October, when we added our 15 millionth customer -- is particularly meaningful because we have substantially improved the credit profiles of new subscribers due to the stricter credit policy we implemented at the beginning of the second quarter,” DirecTV CEO Chase Carey said in a prepared statement.

“As we approach the busy holiday selling season, we are excited about the many compelling offers that will be available -- including the ‘NFL Sunday Ticket SuperFan’ package, our new interactive DVR [digital-video recorder] and the launch of high-definition local channels in one-dozen major markets -- all of which support our goal of making DirecTV the best television experience available anywhere,” he added.

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