DirecTV’s President and CEO Quits
Mitch Stern, Photo from the Hollywood Reporter.
DirecTV Unit Chief Quits DirecTV’s President and CEO Mitch Stern quit today. Not much analysis out on any reasons why except the typical more time with family type stuff — Stern was based in New York and it’s been reported that the job required lots of travel to the West Coast.
The Street added, “Monday’s move came just over a month after DirecTV posted disappointing fourth-quarter results that suggested subscriber growth was flattening out. Though the company added 444,000 users in the quarter, it missed some analysts’ projections. Meanwhile subscriber acquisition costs jumped nearly 5%, and monthly customer defections, or churn, inched higher.”
An interview with Mitch Stern from last Summer.
The Hollywood Reporter: How has your perspective on DirecTV changed since you arrived?
Stern: DirecTV is an enormously big and complicated business. Come back 10 years from now, and I’ll tell you what I said wrong.
Maybe it should have been come back in 10 months from now, and I’ll tell you what I said wrong.
Isn’t TiVo looking for a new CEO?