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Statement from DIRECTV Group CEO Chase Carey EL SEGUNDO, Calif. --(Business Wire)-- May 28, 2004 -- Chase Carey, president and CEO of The DIRECTV Group, Inc. (NYSE:DTV), today issued the following statement in response to a story today concerning the company's plans for its forthcoming Spaceway satellite broadband Internet service."The article in today's Wall Street Journal contained or implied a number of inaccurate statements from unnamed sources regarding Spaceway. First, as we have previously stated, our goal has been to utilize the satellites for both DIRECTV's video business and broadband purposes. This is not new news and was included in our FCC filing last year. Second, we have not scrapped plans to use the satellites for broadband access. In fact, the satellites are being designed specifically so they can be used for video or broadband. Finally, we are committed to launching two satellites in early 2005 with a third satellite as a ground spare. "While our plans are still in development and decisions will ultimately be made in the best interest of the overall DIRECTV Group, we consider both the video and broadband capabilities of the Spaceway satellites to be an important part of our future." The DIRECTV Group, Inc. (NYSE:DTV) is a world-leading provider of digital multichannel television entertainment, broadband satellite networks and services, and global video and data broadcasting. The DIRECTV Group is 34 percent owned by Fox Entertainment Group, which is approximately 82 percent owned by News Corporation Ltd. |
