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DirecTV Profit, Subscribers Rise in First Quarter

"We're pleased so far, and we'll see how it goes," CEO Mike White says about the recent launch of premium VOD movies and discusses a recent uptick in promotional activity by pay TV competitors.

NEW YORK - DirecTV on Thursday reported stronger than-expected first-quarter subscriber gains in the U.S. and Latin America and improved earnings, but mentioned a recent uptick in aggressive cable and telecom promotions.