CEO: DirecTV having 'terrific' subscriber performance

They 'haven't seen as much of an impact' as competitors

NEW YORK -- While some cable competitors have struggled, DirecTV had a "terrific" subscriber performance in the second quarter and has continued to perform "well" in the current third quarter, CEO Mike White told a Goldman Sachs media investor conference here Thursday.

"We haven't seen as much of an impact" as competitors, he told the Wall Street crowd. White mentioned good demand for DirecTV's HD, DVR and multi-room viewing produts.

Asked if cable companies are being hurt by new competitors offering TV content via the Internet, White cited the still-weak economy. "It's more a reflection of that" than a fundamental change in TV viewing, he suggested.

"This economy is kind of bifurcating," but "even people with money are careful with their bills," White said.

He also briefly mentioned Netflix's online streaming offers, which have been a topic of debate in the industry. They may be attractive, but Netflix is not taking over the world quite yet, White argued.

He also said other players, including DirecTV, could similarly pay for film and library title rights and offer them on demand.
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