News to acquire TV giant

[NewsMan]

NEWS Corporation was yesterday given approval to acquire DirecTV, the
biggest satellite television provider in the US.

The Federal Communications Commission and anti-trust enforcers in Washington
approved the $9.2 billion acquisition by the media group, the owner of News
Ltd (publisher of the Sunday Herald Sun) in Australia and 20th Century Fox
movie studios and the Fox Broadcasting Network in the US.
DirecTV, with 12 million subscribers, is the chief rival to cable
television.

The FCC approval came with conditions, including allowing cable rivals to
screen programs by News Corporation stations, as they do now. It also
ordered the new owner to offer local channels in more markets......



--
Details:
http://www.heraldsun.news.com.au/common/story_page/0,5478,8223181%255E664,00.html
More news:
http://www.auspaytv.com.au/forums/ipdl.php

***

On cable TV they have a weather channel - 24 hours of weather. We had
something like that where I grew up. We called it a window.
-- Dan Spencer

[The Captain]

will be interesting to see if there are any positive flow-on effects to
Australian services of this takeover.

"NewsMan" <cocopops@nospam.hotpop.com> wrote in message
news:bs2bd8$1lkj$1@otis.netspace.net.au...
> NEWS Corporation was yesterday given approval to acquire DirecTV, the
> biggest satellite television provider in the US.
>
> The Federal Communications Commission and anti-trust enforcers in
Washington
> approved the $9.2 billion acquisition by the media group, the owner of
News
> Ltd (publisher of the Sunday Herald Sun) in Australia and 20th Century Fox
> movie studios and the Fox Broadcasting Network in the US.
> DirecTV, with 12 million subscribers, is the chief rival to cable
> television.
>
> The FCC approval came with conditions, including allowing cable rivals to
> screen programs by News Corporation stations, as they do now. It also
> ordered the new owner to offer local channels in more markets......
>
>
>
> --
> Details:
>
http://www.heraldsun.news.com.au/common/story_page/0,5478,8223181%255E664,00.html
> More news:
> http://www.auspaytv.com.au/forums/ipdl.php
>
> ***
>
> On cable TV they have a weather channel - 24 hours of weather. We had
> something like that where I grew up. We called it a window.
> -- Dan Spencer
>
>

[Thomas 'bacco|007' Baxter]

On Sun, 21 Dec 2003 11:13:13 +1100, The Captain wrote:

> will be interesting to see if there are any positive flow-on effects to
> Australian services of this takeover.

i think the purchase was just pure empire building rather then something
that will benefit their other companies