Media mogul Rupert Murdoch today cleared the final hurdles to fulfilling his long-sought dream of acquiring the DirecTV satellite service, a coveted pipeline into millions of American television sets
Published:
20 December 2003 y., Saturday
The US Federal Communications Commission (FCC) and antitrust enforcers approved the $US6.6 billion ($A9.16 billion) plan by Murdoch's News Corp, owner of movie studios and the Fox broadcast network, to gain control of the No.1 US satellite television provider, with its 12 million subscribers.
The FCC voted 3-2 to approve the deal, with conditions aimed at ensuring the television titan does not bludgeon cable and satellite rivals who also want to offer their customers News Corp's popular network and cable programming.
"Cable and satellite customers will continue to have access to programming from a diverse source of media outlets," FCC chairman Michael Powell said.
"With these conditions, I believe the transaction serves the public interest."
Powell was joined by Republican Commissioners Kathleen Abernathy and Kevin Martin in voting for the deal.
Šaltinis:
smh.com.au
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
An International Monetary Fund mission led by Mr. Paulo Drummond visited Bissau during January 12-27, 2010, to discuss the government’s medium-term economic program that could be supported by the IMF under the Extended Credit Facility.
more »
The International Monetary Fund (IMF) and the World Bank's International Development Association (IDA) have agreed to support US$1.9 billion in debt relief for the Republic of Congo, which includes US$255.2 million of debt relief from the two institutions.
more »
In 2009, net external assets of Monetary Financial Institutions remained negative but increased by LTL 9.3 billion.
more »
Spain's Minister for Science and Innovation, Cristina Garmendia, supports making R&D+i at the heart of Europe as a key to economic recovery.
more »
Lithuania and Malta granted reprieve on budget deficits; Hungary and Latvia on track to meet deadlines.
more »
More responsibility for fishermen, rules favouring good fishing practice and adjusting fisheries management models to complement and improve the traditional quota system should be among the key aims of common fisheries policy reform, say MEPs in an own-initiative report approved by the Fisheries Committee on Wednesday.
more »
On January 8, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Yemen.
more »
On January 22, 2010, the Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Norway.
more »
Agriculture can help to slow climate change, but should be ready to adapt to the impact of global warming, said Agriculture Committee MEPs and scientists at a public hearing on Wednesday.
more »
The Ministers for Employment of the European Union are holding an informal council on Thursday 28 and Friday 29 January which will lay the foundations for drawing up the common policies in the area of employment which the European Union will adopt over the next ten years as part of the “2020 Strategy”.
more »