Newshawk said:
What press release, Sean? Show it to me.
Newshawk said:
By the way, I just did some research on the "turd bird" quote. Do you know what I found? Here's the results (all emphasis mine):
CNNMoney.com/Forbes: "CNBC reported that Murdoch even called DirecTV a "turd bird" - not exactly a term of endearment."
Rocky Mountain News: "CNBC reporter David Faber... claimed that Murdoch, whose News Corp. owns a controlling stake in DirecTV, has soured on the company and has taken to calling it "a turd bird."
Digital Spy.com: "One of the (CNBC) business channel's reporters, David Faber, said that Murdoch had called DirecTV a "turd bird."
These were all reported on 9/15 or 9/16... later reports changed the alleged quote into a de facto quote... just an example of sloppy writing by lazy journalists that didn't bother to do their research but just half-remembered a catchy quote. (Trust me, I've worked with enough journalists to know that it can and does happen.) Not to mention that all this was from a single source, which no responsible journalist would repeat, at least when I was working in the biz.
So, once again, Sean... show me the original quote... not a "reported", "claimed" or "said" (read alleged) quote.
Every news report is a "claim"
Murdoch looks to release bird
Rupe considering DirecTV sale to Liberty
By JILL GOLDSMITH
MurdochMartin
In a splattering blow to the satellite biz, Rupert Murdoch supposedly dubbed DirecTV a "turd bird" and is considering selling News Corp.'s controlling stake to Liberty Media.
FCC chairman Kevin Martin on Thursday shot down another possible outcome for the satcaster. He indicated regulators still would be reluctant to greenlight a merger between DirecTV and smaller rival EchoStar.
News Corp. owns 38% of DirecTV, the nation's largest satellite provider. But Murdoch's been down on the business lately. Cablers are successfully rolling out a triple play of video, Internet and telephone -- service that satcasters can't easily match.
DirecTV stock fell 3.23% Thursday to close at $19.19 after a Morgan Stanley analyst downgraded the shares.
A person close to the conglom said a DirecTV sale is being discussed as one of several possible ways to unwind Liberty's large stake in News Corp.
CNBC reported that Murdoch had made the "turd bird" remark.
For well over a year, News Corp. has been trying to find a way to buy Malone's stake in exchange for some combination of assets and cash. Liberty holds voting and non-voting stock worth $10 billion, making Malone News Corp.'s second largest shareholder after Murdoch.
Malone's position made Murdoch so nervous that News Corp.'s board adopted a poison pill, which is meant to deter hostile takeovers. Shareholders, including Liberty, will vote at News Corp.'s annual meeting Oct. 20 on whether to keep the poison-pill measure in place.
News Corp. wanted to resolve the issue before then.
Investors tend not to like poison-pill provisions, and some shareholders had sued News Corp. for imposing it and then extending it.
This past summer, the swap for News Corp. stock was going to include some Fox TV stations, but that option seems to have been tabled.
News Corp. chief operating officer Peter Chernin said earlier this week that "talks (with Liberty) are going pretty positively."
"We'd like to see this resolved, but we're not going to feel pressure to do a deal. We feel that investors are likely to vote in favor of a poison pill because no one wants us to do a deal that's not in our best interest," he said at a media conference.
Chernin also shot down speculation that DirecTV is looking to merge with EchoStar, saying there have been no substantive talks.
The satcasters tried to merge in 2002, but U.S. antitrust regulators killed the deal, and News Corp. swooped in.
Some industryites have argued recently that the entrance of telcos into the video biz has changed the competitive landscape and thus could render a satellite merger allowable. "Obviously, there's the potential for that in the future," Martin said, referring to the growth of the telco TV biz. "But I don't think it's been widespread enough to talk about changing our analysis of the nationwide video market," he said on a conference call with Wall Streeters sponsored by UBS.
From MultichannelNews,
http://www.multichannel.com/article/CA6372364.html
Murdoch to Hand DirecTV to Malone? - 9/14/2006 7:30:00 PM - Multichannel News
Murdoch to Hand DirecTV to Malone?
By Steve Donohue 9/14/2006 7:30:00 PM
It may sound a bit far-fetched, but CNBC ace David Faber reported late Thursday that News Corp. is holding talks with John Malone’s Liberty Media that could result in Malone taking control of DirecTV in exchange for Liberty’s $10 billion stake in News Corp.
“The on-again, off-again talks have picked up significant momentum of late, according to people familiar with the situation. And the possibility of a tax-free exchange of News Corp.’s DirecTV stake for Liberty’s roughly $10 billion voting and nonvoting stake in News Corp. is under consideration,” Faber told viewers.
Although Murdoch has long sought to control the top direct-broadcast satellite platform on every continent -- News Corp. owns British Sky Broadcasting Group in the United Kingdom, Foxtel in Australia and Star TV in Asia -- Faber said the media mogul is frustrated at DirecTV’s lack of a high-speed-Internet product to compete against rivals such as Comcast and Verizon Communications.
“Murdoch pursued DirecTV for years but has lately soured somewhat on the asset, calling it a ‘
turd bird,’” Faber said.
Liberty declined to comment, while News Corp. representatives couldn’t be reached by deadline.
[FONT=Times New Roman, Times, serif]Murdoch calls DirecTV a 'turd bird'[/FONT]
http://rawstory.com/comments/19695.html
[FONT=Verdana, Arial, Helvetica, sans-serif]
Broadcasting & Cable[/FONT]
[FONT=Times New Roman, Times, serif]
Rupert Murdoch wants John Malone to get out of his hair. To that end, Murdoch might be offering Malone DirecTV. Murdoch's News Corp. is proposing to Malone's Liberty Media a tax-free exchange of its DirecTV stake in return for the $10 billion stake Liberty owns in News Corp., according to a report by CNBC's David Faber.
Both News Corp. president Peter Chernin and Liberty CEO Greg Maffei have been hinting to investors at a Merrill Lynch media conference today that a swap may be under way, according to the report.
With the satellite business limited in its growth, DirecTV has frustrated News Corp. lately which could explain the company's willingness to part with it. Murdoch aggressively went after DirecTV for years, but has been so disappointed with it lately, he has called it a "turd bird."[/FONT]