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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."
O.K. - for the people who aren't in the states here is the breakdown: There are 5 major and 1 minor (based on Nielsen ratings) television news outlets in the states. This is in no particular order of importance, preference, or popularity.... 1. American Broadcasting Company - ABC - Owned by the Disney Corporation 2. National Broadcasting Company - NBC - Owned by General Electric 3. CBS - Owned by Viacom 4. Cable News Network - CNN - Owned by AOL Time Warner 5. Fox News - Owned by News Corporation The one minor player is the Public Broadcasting Service and is funded by the Corporation for Public Broadcasting and the annual support of viewers like you. Thank you. ;)