FCC To Nix Echostar DIRECTV Merger Print E-mail
Thursday, 10 October 2002
FCC To Nix Echostar DIRECTV Merger

In a recently anticipated move, FCC chairman, Michael Powell moved to block the proposed merger between General Motor’s DIRECTV and No. 2 satellite TV provider Echostar, today at a press conference. The stated reason for blocking the merger was FCC concerns about a potential lack of satellite competition, specifically in rural areas. This is despite reports that cable TV makes up nearly 80 percent of the subscriber base for pay TV in the U.S.

Rupert Murdoch’s News Corp, owner of Fox and other media ventures, may still be interested in DIRECTV even after losing out to Echostar when the topic of a merger (or acquisition) was first discussed.

AV consumers, fed up with poor quality cable (even digital) were especially hopeful that the merger would go through so that there would be more room on the proposed satellite network which would yield more stations, especially the bandwidth hungry HDTV channels.

Source: CNN.com

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 
  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 | cookie policy | terms of use
  909 N. Sepulveda Blvd. El Segundo, CA 90245
  Ads: 310.280.4476 | Contact Us
  Content: 310.280.4575 | Mike Flacy