News Corp./DirecTV comments due soon

Publish date:

Public comments on News Corp.'s bid to acquire control of DirecTV Inc. are due
June 16 and replies July 1, the Federal Communications Commission said

Under the proposed $6.6 billion deal, News Corp.'s Fox Entertainment Group
would acquire a 34 percent interest in DirecTV owner Hughes Electronics Corp. from
current corporate parent General Motors Corp.

The remaining two-thirds interest would continue to be owned by three GM
employee-benefit trusts and the general public.

The deal will give News Corp. de facto control of DirecTV, as well as Hughes
Network Services and PanAmSat Corp.