Tuesday, March 04, 2003

Hughes / AOL Hughes, AOL finalize divorce. The General Motors unit discloses that it has ended its relationship with AOL Time Warner's America Online division, according to a regulatory filing by the DirecTV operator. [CNET News.com] 12:18:25 PM    comment []

Hughes and AOL Part Company Reporting on the end of the strategic relationship between Hughes and AOL. LA Times (registration required) http://www.latimes.com/business/printedition/la-fi-aol4mar04,1,312976.story?coll=la%2Dheadlines%2Dpe%2Dbusiness WSJ (subscription required) http://online.wsj.com/article/0,,SB10467221763794400,00.html?mod=technology_main_whats_news 12:14:00 PM    comment []

EchoStar Q4 2002 Results Out Today EchoStar added 400,000 net new subs in Q4-2002, well ahead of industry estimates. They also wrote off the $690 million penalty they had to pay Hughes for termination of the DirecTV deal, otherwise they had a good quarter and a good financial year with revenue up ~20% for the year to $4.8 billion, and EBITDA up 58% for the year to $806 million. 8:43:14 AM    comment []