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Technology Stocks : C-Cube -- Ignore unavailable to you. Want to Upgrade?

To: Tyler Mayoras who wrote (37854)	12/17/1998 6:28:00 PM
From: BillyG	Read Replies (1) \| Respond to of 50808

Satellite TV widens orbit DirecTV, EchoStar and others grabbed market share from cable firms in 1998 cnnfn.com December 17, 1998: 2:54 p.m. ET WASHINGTON (Reuters) - Direct broadcast satellite television services added subscribers at a faster rate than monopoly cable companies in the 12-month period ended in July, the Federal Communications Commission said Thursday. Direct broadcast providers like EchoStar Communications Corp. (DISH) and Hughes Electronics' DirecTV had 7.2 million subscribers in July 1998, up from 5 million a year earlier, according to the FCC's annual competition report. Hughes Electronics is a subsidiary of automaker General Motors. (GM) Basic cable had 65.4 million subscribes, up from 64.2 million a year earlier, the agency said. Although satellites are providing competition for cable systems, "some barriers to competition remain," said Deborah Lathen, head of the FCC's cable services bureau. The biggest barrier for satellite services remains a law greatly limiting their ability to give customers programming from local television stations, she said. FCC chairman William Kennard urged Congress to change the law and allow more local programming on satellite services. Lawmakers considered legislation to change the law but ran out of time to find a compromise approach.