DIRECTV, Liberty Revel in Successes
A meeting of shareholders gave DIRECTV and its controlling shareholder Liberty Media another chance to gloat about the satellite TV company's recent successes.
According to press reports of the gathering in New York City, DIRECTV President and CEO Chase Carey told shareholders that the business “has never been stronger" and that the company is "positioned for years of profitable growth." He added that the "best and most exciting years are ahead of us."
Carey also said the weak economy has had a minimal impact on DIRECTV.
John Malone, chairman for both DIRECTV and Liberty Media, had praise for DIRECTV and the job being done by the satellite TV company's management team, stated press reports of the gathering. Liberty CEO Greg Maffei also was at the gathering.