DirecTV subscriber growth lags

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According to Reuters, satellite television broadcaster Hughes Electronics
Corp. on Monday posted higher second-quarter cash flow and revenue but said
subscriber growth for its DirecTV service was slower than expected.

Hughes, which has a pending merger with No. 2 satellite rival EchoStar
Communications Corp., posted a net loss of $155.1 million, compared with a loss
of $156.5 million a year ago.

The company expects to add 250,000 to 300,000 subscribers in the third
quarter.

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