Liberty Media's News Corp-for-DirecTV swap is done
by Richard Lawler 
posted Feb 29th 2008 at 8:37AM
DirecTV subscribers, that tingling feeling is Liberty Media completing its swap of News Corp. shares for a piece of your satellite TV provider, three regional sports networks and Update: The Justice Department has signed off on the transaction (thanks HdNutcase!) so nothing stands in the way of Liberty Media's world domination...and by world domination we mean partial ownership of DirecTV.
Reader Comments (Page 1 of 1)
HDNutcase @ Feb 29th 2008 9:19AM
Ummm Ben,
The Justice Dept. has ALREADY approved the deal. This was announced Thur.!! You can find the article on Rueters. http://www.reuters.com/article/governmentFilingsNews/idUSN2638248620080226
kcmurphy88 @ Feb 29th 2008 11:40AM
And in fact the transaction was completed Wednesday, with Murdoch and his group resigning from the DirecTV board, and being replaced by the newly-elected Chairman, John Malone.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a4JFvml25M_8
UnnDunn @ Feb 29th 2008 12:11PM
Murdoch accomplished his goal at DirecTV; the company now exclusively uses News Corp's software platform to deliver its TV services, and that is unlikely to change anytime soon.
Doug @ Feb 29th 2008 1:34PM
DirecTV has used News Corp. owned NDS for software since they installed their first receiver. I doubt News Corp had to buy part of DirecTV to secure that deal.
Ben @ Feb 29th 2008 12:43PM
Do we get TiVo back now that Newcorp's out of the picture? Wasn't the only reason for the crappy DVR because they wanted to get their own sister companies boxes pushed onto the public?
Xyzzy @ Feb 29th 2008 8:18PM
I hope so, but doubt it.... :(
Bob @ Mar 1st 2008 10:27PM
It really is time for directtv and tivo to kiss and make up. I'm a long time directtv/tivo customer and I WANT HD!
Listen up directtv, I'm very, very close to switching to comcast so that I can get a HD Tivo solution. This would be a great opportunity to pre-announce that Tivo is coming back to directtv. Don't make me leave.