PanAmSat Annual Revenue Drops

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PanAmSat Corp. reported $812.3 million in revenue for 2002, down from $870.1
million for 2001.

Operating lease revenue from video services fell 2 percent to $515.3 million
last year.

Earnings before interest, taxes and amortization increased to $591.6 million
compared with $580.1 million during 2001.

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