AT&T Paid Billions For A Satellite TV Service That Audiences Are Fleeing By The Millions

DirecTV must have seemed like a good deal in 2015. Now, it’s absolutely hemorhagging subscribers – nearly 3 million last year alone. It’s been a dizzying fall. “DirecTV was an invention of Hughes Aircraft Co., which was founded by eccentric aviator Howard Hughes in 1932. … The service launched in 1994, attracting customers in rural areas that lacked cable TV coverage. Within a decade, DirecTV had 13 million customers. Its groundbreaking NFL Sunday Ticket package proved a big hit with sports bars and die-hard football fans.”- Los Angeles Times