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
A record 131 economies around the globe reformed business regulation in 2008/09, according to the IFC–World Bank Doing Business 2010 report.
more »
The World Bank’s Board of Directors today approved a US$5 million grant to improve the quality of electricity services in Haiti and strengthen the financial and operational performance of Electricité d’Haïti, the public electricity utility.
more »
Firuza Ziyoeva, a 42-year old mother of five, lacks any sustainable income for her family – her husband is unable to work due to disabilities and their children are all young.
more »
The Managing Director of the International Monetary Fund (IMF), Mr. Dominique Strauss-Kahn, made the following statement today regarding Singapore’s commitment to increase fourfold its contribution to the Fund’s New Arrangements to Borrow (NAB) by US$1.5 billion, to a total of US$2 billion.
more »
Statistics Lithuania reports that, based on non-final data obtained from customs declarations and Intrastat reporting data, exports in I half-year 2009 made LTL 19 billion, while imports – LTL 21.2 billion.
more »
Since 7 September 2009 AB Bank SNORAS for residents and economy subjects begins to distribute a new savings product - certificates of deposits.
more »
“We are 53 diverse countries differently affected by the crisis, 1 billion people that cannot be ignored”. That was the stark message to Members of Parliament's Development Committee from Donald Kaberuka, the head of Africa's Development Bank at a hearing on 3 September in Brussels.
more »
The European Investment Bank has granted a EUR 450 million loan to AENA (Aeropuertos Españoles y Navegación Aérea) for upgrading and expanding Spain’s air traffic control facilities in order to optimise their overall efficiency and ensure that they comply with international regulations.
more »
Statistics Lithuania informs that in August 2009, against July, prices for total industrial production sold increased by 0.9 per cent.
more »
Despite signs the near two-year U.S. recession may be over - Americans are still finding it hard to get a job.
more »