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BUSINESS BRIEFS.(TO THE POINT)

Investor's Business Daily

| November 01, 2002 | COPYRIGHT 2002 Investor's Business Daily, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MEDIA

DOJ sues to block Dish-DirecTV

The Justice Dept. and 23 states went to court to block EchoStar Communications' buy of Hughes Electronics and its DirecTV unit, which would create the largest U.S. pay-TV service. The DOJ said the deal would reduce pay-TV competition, despite last-ditch concessions to try to save the deal. The FCC has already voted against the merger.

Martha Stewart Q3 net fell 40%

The household media and goods firm met views with a profit of 10 cents a share. Revenue rose 4.2% to $70.9 mil. The firm will launch in Jan. a magazine, Everyday Food, the first without the namesake founder's name. Martha Stewart Living sees a 3-cent profit in Q4 vs. views for 10 due to the ongoing insider trading probe of Stewart.

Westwood One Q3 net rose 178%

The provider of radio and TV programming earned 25 cents, beating views by a penny. Revenue grew 8% to $133.8 mil as the ad climate improved. But Westwood One, near a high, fell 6% to 36.30. Wall Street may have expected better results.

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