11-07-01, 02:10 PM
Murdoch: DirecTV/EchoStar Has Problems
By Mike Farrell
Multichannel News
11/7/2001 3:08:00 PM
News Corp. chairman Rupert Murdoch sounds like he's ready to move on after having lost the bidding war for DirecTV Inc.
But Murdoch, in a conference call with reporters Wednesday discussing News Corp.’s earnings, sounded slightly bitter, anyway.
News Corp. dropped out of the bidding for DirecTV parent Hughes Electronics Corp. one week ago Saturday after 18 months of negotiations.
The prize swung to EchoStar Communications Corp. after chairman Charlie Ergen personally guaranteed one-half of a $5.5 billion cash component in his $25.8 billion offer for Hughes.
To read the rest please visit HERE (http://www.tvinsite.com/multichannelnews/index.asp?layout=story&doc_id=55446&display=breakingNews)
By Mike Farrell
Multichannel News
11/7/2001 3:08:00 PM
News Corp. chairman Rupert Murdoch sounds like he's ready to move on after having lost the bidding war for DirecTV Inc.
But Murdoch, in a conference call with reporters Wednesday discussing News Corp.’s earnings, sounded slightly bitter, anyway.
News Corp. dropped out of the bidding for DirecTV parent Hughes Electronics Corp. one week ago Saturday after 18 months of negotiations.
The prize swung to EchoStar Communications Corp. after chairman Charlie Ergen personally guaranteed one-half of a $5.5 billion cash component in his $25.8 billion offer for Hughes.
To read the rest please visit HERE (http://www.tvinsite.com/multichannelnews/index.asp?layout=story&doc_id=55446&display=breakingNews)