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
The European Commission approved an application from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Commission today reiterated the potential of existing EU-rules on mediation in cross-border legal disputes, reminding Member States that these measures can only be effective if put in place by Member States at national level.
more »
Exports of animals and animal products from the European Union to Russia are expected to receive a boost after five new certificates for exports between the EU and the Russian Federation entered into force on August 15.
more »
World Bank Group President Robert B. Zoellick visited Moldova on August 11-12 at the invitation of Prime Minister Vlad Filat.
more »
These are the financial results of the banking activities of the Danske Bank Group in Lithuania (Danske Bankas and Danske Lizingas UAB).
more »
The European Investment Bank (EIB) today signed its first loan agreement with Armenia.
more »
Given the worsening food crisis in the Sahel, the Commission today agreed to disburse €14.9 million for food security in Niger, the worst affected country in the area.
more »
The European Commission has cleared under the EU Merger Regulation the proposed restructuring of Arnotts' debts in return for a transfer of control to Anglo Irish Bank and Royal Bank of Scotland (RBS).
more »
The European Commission today approved a new financial support package of €135 million for Morocco.
more »
The European Commission is allocating an extra €10 million in humanitarian aid for Liberia.
more »