The DirecTV Group (DTV)

Eliminations and Other

        Operating loss from Eliminations and Other decreased to $54.8 million during the nine months ended September 30, 2006 from $70.1 million during the nine months ended September 30, 2005, mostly resulting from a decrease in pension and other corporate compensation costs.

Eliminations and Other

        Operating loss from Eliminations and Other decreased to $33.9 million during the six months ended June 30, 2006 from $43.9 million during the six months ended June 30, 2005, mostly resulting from a decrease in pension and other corporate compensation costs.

Eliminations and Other

        Operating loss from Eliminations and Other decreased to $13.8 million in the first quarter of 2006 from $26.3 million in the first quarter of 2005, mostly resulting from a decrease in pension and other corporate compensation costs.

Eliminations and Other

        The elimination of revenues decreased to $178.2 million in 2004 from $192.1 million in 2003. The decrease was primarily due to the sale of the set-top receiver manufacturing operations in June 2004.

        Operating loss from Eliminations and Other increased to $220.8 million in 2004 from $208.3 million in 2003. The increase resulted from a $27.3 million increase in stock-based compensation in 2004 and $113.0 million of retention, severance and related costs under our pension benefit plans in 2004, partially offset by the one-time charge of approximately $132 million in 2003 related to the completion of the News Corporation transactions.

Eliminations and Other

        The elimination of revenues decreased to $4.7 million in the nine months ended September 30, 2005 from $175.3 million in the nine months ended September 30, 2004. The decrease was primarily due to the sale of the set-top receiver manufacturing operations in June 2004 for which revenues from sales to DIRECTV U.S. from HNS were previously eliminated.

        Operating Loss from Eliminations and Other decreased to $70.1 million in the nine months ended September 30, 2005 from $148.8 million in the nine months ended September 30, 2004. The decrease is primarily related to charges in the nine months ended September 30, 2004 related to severance, retention, pension and stock-based compensation costs.

Eliminations and Other

        The elimination of revenues decreased to $4.3 million in the six months ended June 30, 2005 from $172.5 million in the six months ended June 30, 2004. The decrease was primarily due to the sale of the set-top receiver manufacturing operations in June 2004 for which revenues from sales to DIRECTV U.S. from HNS were previously eliminated.

        Operating Loss from Eliminations and Other decreased to $43.9 million in the six months ended June 30, 2005 from $110.7 million in the six months ended June 30, 2004. The decrease is primarily related to charges in the six months ended June 30, 2004 related to severance, retention, pension and stock-based compensation costs.

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Eliminations and Other

        The elimination of revenues decreased to $3.0 million in the first quarter of 2005 from $66.7 million in the first quarter of 2004. The decrease was primarily due to the sale of the set-top receiver manufacturing operations in June 2004.

        Operating loss from Eliminations and Other decreased to $26.3 million in the first quarter of 2005 from $72.1 million in the first quarter of 2004. The decrease is primarily related to the charges in the first quarter of 2004 related to severance costs and related costs under our pension benefit plans.

Eliminations and Other

The elimination of revenues increased to $192.1 million in 2003 from $78.8 million in 2002. The increase was primarily due to increased shipments of DIRECTV receiving equipment from the Network Systems segment to the DIRECTV U.S. segment. Until the sale of the assets of Hughes Global Services, or HGS, to PanAmSat on March 7, 2003, HGS’ revenues were recorded in Eliminations and Other. During 2002, the elimination of revenues was partially offset by HGS revenues of $52.3 million, as compared with $15.3 million in revenues in 2003 prior to the March 7, 2003 sale.

Operating loss from Eliminations and Other increased to $208.3 million in 2003 from an operating loss of $17.4 million in 2002. The increase resulted primarily from the one-time charge of approximately $132 million in 2003 related to the completion of the News Corporation transactions and a $95.0 million net gain recorded in 2002 for the NASA claim, partially offset by the $23.0 million loss recorded in connection with the termination of the AOL alliance in 2002.