DirecTV settles consumer protection dispute for $14M

It cost DirecTV (Nasdaq: DTV) less than what a slightly above average baseball player makes in a season to settle a consumer protection dispute with 50 states' attorneys. For just $14.25 million DirecTV made the problem of how it tells customers about cancellation fees and other contract terms go away.

Putting a nice spin on it, DirecTV Chief Executive Mike White said the agreement will "formalize many of the customer improvements we have made over the past few years," including, tellingly, that customers should understand they'll be charged a $20-per-month fee for any time remaining on a cancelled 24-month contract.

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