It's Official: News Corp to Buy DirecTV

Guppy06 writes "According to this Washington Post article, the heads at both News Corporation (owners of Fox) and DirecTV have agreed to a $6.6 billion deal to secure the purchase of DirecTV by News, with GM getting a little less than half of that total in cash. All that remains now is the actual exchange. For the record, EchoStar was going to pay $30 billion before the FCC shot them down."

Comments

Slanderer!

[0xdeadbeef]

It's fair and balanced. They say so themselves. Why is everything a conspiracy with you liberals?

FOX?

[johnkoer]

I couldn't help thinkin of the Simpsons on this one:

Lisa: It's wonderful to think for ourselves again.
Bart: You said it, sister!
TV: You are watching Fox.
All: [Zombie-like] We are watching Fox.

Yay! Finally a great deal for everyone!

[standards]

It's great to hear that the world-wide media industry is getting more and more efficient over time. With only a few large players in the industry, billing can be consolidated and redundancy of equipment and programming can be minimized, saving globs of cash.

In the end, this is sure this will bring higher quality service and programming at significantly lower prices!

Alas, the savings and increase in quality will happen only over an extended period of time.

And with inflation and government regulations, we customers might perceive lower quality and higher prices.

But no... it'll be much better than it would've been... just look how radio has improved in the past 20 years!

Re:Yay! Finally a great deal for everyone!

[TopShelf]

No, I disagree - DirecTV should have gone to a small, independent outfit like Clear Channel Communications...

Re:And people say the US government isn't corrupt.

[DASHSL0T]

What the US needs first is a publicly funded broadcasting corporation

I agree. We need something like Iraq TV. Baghdad Bob, come back, we need you for the 5 O'Clock Eyewitness News.