DirecTV Carries TV One, Takes Stake in Net

[Gregg Lengling]

DirecTV said it signed an agreement with TV One, the lifestyle and entertainment channel targeting African American adults, that will make the channel available to customers who subscribe to any Total Choice programming package.

Also in connection with the agreement, DirecTV said it has become an equity investor in TV One.

TV One launched in January 2004, and serves nearly 20 million subscribers. In addition to DirecTV, its investors include Radio One, Comcast, Constellation Ventures, Syndicated Communications, Pacesetter Capital Group, and Opportunity Capital Partners.