SEC Won’t Seek Change in DirecTV Accounting

DirecTV Group Inc., the largest U.S. satellite television operator, said the Securities and Exchange Commission wouldn’t require a change in how it accounted for a write-down and businesses the company bought and sold last year.

DirecTV, which is majority owned by News Corp., in January said the SEC wanted details on how it accounted for transactions involving Pegasus Communications Corp., the National Rural Telecommunications Cooperative and Thomson in the second quarter. DirecTV said at the time that the SEC also was investigating the $1.47-billion write-down of its Spaceway satellites in the third quarter.

The SEC this month sent the company a letter stating that the agency had finished the review of the three transactions and the write-down, El Segundo-based DirecTV said in a filing.