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Liberty Media To Merge DirecTV With Some Media Assets

DirecTV to be merged into new company incorporating RSNs and Game Show Network

By Todd Spangler--Multichannel News -- Broadcasting & Cable, 5/4/2009 12:28:04 PM

"We view this as a defining transaction for DirecTV," said DirecTV CEO president and CEO Chase Carey on a call with investors.

Under the terms of the deal, John Malone, his wife and associated trusts will hold shares of DirecTV Class B common stock entitling them to approximately 24% of DirecTV's total voting power.

Click here to read the full story from Multichannel News.

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