Murdoch: DirecTV a 'Turd Bird'
May consider selling unit to Liberty Media
Posted 2006-09-15 09:00:35 by Karl
Bloomberg reports that Rupert Murdoch may sell his 38% stake in DirecTV to Liberty Media in exchange for Liberty Media's 16% stake in News Corp. Meanwhile Variety reports that Murdoch called the unit "a turd bird" after hearing that FCC chief Kevin Martin still wouldn't look favorably upon a merger between DirecTV and smaller competitor Echostar. DirecTV recently failed to nab any spectrum at the FCC AWS auction. Murdoch just months ago hinted at a billion dollar broadband plan the company was considering.
http://www.bloomberg.com/apps/news?pid=20601103&sid=a_1XipEdrIQY&refer=news
May consider selling unit to Liberty Media
Posted 2006-09-15 09:00:35 by Karl
Bloomberg reports that Rupert Murdoch may sell his 38% stake in DirecTV to Liberty Media in exchange for Liberty Media's 16% stake in News Corp. Meanwhile Variety reports that Murdoch called the unit "a turd bird" after hearing that FCC chief Kevin Martin still wouldn't look favorably upon a merger between DirecTV and smaller competitor Echostar. DirecTV recently failed to nab any spectrum at the FCC AWS auction. Murdoch just months ago hinted at a billion dollar broadband plan the company was considering.
http://www.bloomberg.com/apps/news?pid=20601103&sid=a_1XipEdrIQY&refer=news