Rumors that direct-broadcast satellite service DirecTV Inc. will drop TiVo
Inc.’s personal-video-recorder service if the DBS provider is acquired by News
Corp. sunk the PVR vendor’s stock Thursday, Dow Jones reported.
There was no mention of TiVo in a letter News Corp. recently filed with the
Federal Communications Commission regarding its plans for DirecTV.
Shares of TiVo fell $1.62 each in Thursday trading, or 16.6%, to $8.14 per
share. More than 8.6 million shares changed hands versus the stock’s average daily
volume of 1.8 million.