DirecTV agrees to buy Pegasus unit

[SatelliteGuys Reporter]

's satellite-TV unit for 938 million clearing the way for DirecTV to market directly to 8.4 million rural homes. DirecTV will pay 875 million in cash the El Segundo Calif.-based company said in a statement. Pegasus previously held exclusive rights to provide DirecTV's service in rural areas of 41 U.S.

http://www.rockymountainnews.com/drmn/business/article/0,1299,DRMN_4_3082851,00.html