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2005 Storms Cost D* $24 Million

Discussion in 'DIRECTV General Discussion' started by Nick, Mar 14, 2006.

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  1. Nick

    Nick Retired, part-time PITA DBSTalk Club

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    The...
    10,000 subs disconnected

    DirecTV revealed in a Securities and Exchange Commission
    filing that the damage caused by the onslaught of hurricanes
    impacting the Gulf Coast last year cost the company millions.

    Hurricanes Katrina, Wilma and Rita forced DirecTV to record
    about $24 million in charges during 2005, the company said in
    the SEC filing. The charges covered work related to a higher
    level of service calls resulting from the storms, a reduction
    in revenues for subscriber service credits and an increase in
    bad debt expense.

    About 10,000 subscribers were disconnected in 2005 as a result
    of the hurricanes, the company said.

    www.SkyReport.com - used with permission
     
  2. newsposter

    newsposter Hall Of Fame

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    Nov 12, 2003
    Wish they compared that to cable.
     
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