01.12.2009 — DirecTV (NASDAQ: DTV) has approved the repurchase of up to an additional $2 billion of its common stock. It also recently completed its $3 billion stock repurchase program announced in May 2008. (Read full press release)

The company says the repurchases may be made through open market purchases or in negotiated transactions, using available cash on hand and cash expected to be provided by operations.

Since February 2006, DirecTV has repurchased approximately $8.2 billion of its common stock through repurchase programs.

For the nine-month period ended Sept. 30, 2008, DirecTV had total assets of approximately $17.5 billion and cash or cash equivalents of approximately $3 billion. It also had approximately $14.4 billion of total revenues for that same period.