Hughes Changes Company Name To 'The DirecTV Group, Inc.'

19-Mar-04

Hughes Electronics Corporation announced that it has changed its company name to ìThe DIRECTV Group, Inc.î In addition, the Company has changed its ticker symbol on the New York Stock Exchange to ìDTV,î from the current ìHSî symbol, and will commence trading under the new name and symbol. President and Chief Executive Officer Chase Carey said, ìThe future of this company is centered on DIRECTV and DIRECTV will drive both our strategy and shareholder value going forward. Our new name better reflects our commitment to building our business around DIRECTV, the established leader in digital multichannel television service in the United States. With more than 12.2 million customers, the DIRECTV name and brand resonates with consumers and this name change reaffirms and reinforces that our future lies with this business.î The company's business units, DIRECTV, Inc., Hughes Network Systems, DIRECTV Latin America and PanAmSat, will remain units of The DIRECTV Group, Inc. In conjunction with its name change, The DIRECTV Group will have a new corporate logo, as well. For more information, please visit www.directv.com.

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