FCC Majority Poised to OK NewsCorp Takeover of DirecTV

10 December 2003

It appears to be all over bar the shouting!

The three Republican commissioners on the five-strong US Federal Communications Commission have voted to approve News Corporation's $6.47 billion (€5.32bn; £3.73bn) takeover of America's largest satellite TV operator DirecTV, a unit of Hughes Electronics.

The trio's final approval is conditional on NewsCorp's acceptance of restrictions on its withholding key programming from satellite and cable rivals. The Murdoch family-run media colossus also owns the Fox broadcast network and movie studios.

The two Democrat commissioners have yet to cast their votes -- a largely academic process unless unresolved competition issues cause any of the Republican trio to change their mind.

Data sourced from: Sydney Morning Herald; additional content by WARC staff