Pegasus Cash Flow Rises

Direct-broadcast satellite net revenue at rural satellite company Pegasus
Communications Corp. decreased by $2.2 million (1 percent) to $217.3 million in
the fourth quarter.

DBS EBITDA (earnings before interest, taxes, debt and amortization) increased
by $16.3 million (13 percent) to $53.9 million and DBS free cash flow increased
by $16.3 million (68 percent) to $40.2 million.