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
China's premier told the National People's Congress Thursday that the nation expects to achieve 8 percent economic growth this year.
more »
The European Commission is calling on EU leaders to further step up coordinated European action to fight the economic crisis.
more »
Biggest auto bosses except some changes in the car market, but despite this optimism, many say this could be last large-scale car show for several years.
more »
Taking into account changes in domestic money market AB DnB NORD Bankas, a member of international financial group, has changed corporate time deposit rates.
more »
A gradual increase in minimum tax rates on cigarettes, to at least €1.50 per pack by 2014, and other tobacco products, was backed by the Economic Affairs Committee on Monday, but it advocated smaller increases than those proposed by the Commission.
more »
About 2,000 Belgian postal workers marched in the centre of Brussels to protest over plans to privatise and reorganise the Belgian postal sector.
more »
In October last year Iceland suffered the most severe economic crash of any country during peacetime.
more »
ATMPortfoliosForSale.com, a site dedicated to the buying and selling of ATM businesses and portfolios, is reporting a drastic increase in ATM portfolio acquisitions.
more »
As the United States economy sinks further into recession fertility clinics have seen more women offering to donate their eggs for cash windfalls of up to 10,000 (USD).
more »
A group of financial experts has put forward 18 detailed recommendations to strengthen supervision of the EU’s financial institutions and markets.
more »