Rupert Murdock Lands GMS Share of DirecTV  Print E-mail
Home Theater News Industry-Trade News
Written by Scott Selter   
Wednesday, 09 April 2003


CBS Marketwatch is reporting that media giant News Corp. has bought 19.9 percent of Hughes Electronics for 6.6 billion dollars in order to gain control of DirecTV and its 11,000,000 subscribers. GM will retain a minority share in Hughes.

EchoStar, the parent of DirecTV rival Dish Network, failed to get FCC approval for their bid to buy DirecTV from Hughes. Rupert Murdock’s News Corp. has long been rumored to be the most likely suitor for DirecTV because they also own the Fox Network as well as other satellite networks in other parts of the world.

The FCC stated their desire to see competition in the satellite market as the reason why they nixed the DirecTV – EchoStar deal. The News Corp. deal gives them such competition. HDTV fans were drooling over the possibility of taking both the EchoStar and DirecTV satellite networks and combining them because it would allow the proposed network to allocate bandwidth from redundant channels to new HDTV networks. Since News Corp. has other networks and the ability to continue to launch satellites, perhaps the same effect is possible. ESPN and Discovery Channel both have HDTV channels ready to roll but they are not available on DirecTV. With HDTV events like the Masters, the NHL Playoffs and more being broadcast over the air and or more importantly, piped through digital cable in HDTV, satellite subscribers will want DirecTV to take the lead with the most HDTV coverage 24-7-365.







Like this article? Bookmark and share with any of the sites below.
Digg!Reddit!Del.icio.us!Google!StumbleUpon!Yahoo!Free social bookmarking plugins and extensions for Joomla! websites!
 
  home theater news  |  equipment reviews 
  blu-ray reviews  |  dvd  |  theatrical reviews  
  music download reviews  |  music disc reviews
  contact  |  about-us  |  careers   |  brands 
  Subscribe to Us   |   RSS   |  AVRev Forums
  front page  |  virtual tours  |  dealer locator
  how to features  |   lifestyle & design articles
  Want Your Home Theater Featured on MHT?
   CE Partners: HDD  |  HDF  |  VGT  |  SD  |  DVD
   
  Advertise with Us | Specs | Disclaimer
  Sponsors | privacy policy | terms of use
  909 N. Sepulveda Blvd. El Segundo, CA 90245
  Ads: 310.280.4476 | Contact Us
  Content: 310.280.4575 | Mike Flacy