Murdoch May Make Malone an Offer

MURDOCH MAY MAKE MALONE AN OFFER
[SOURCE: Broadcasting&Cable, AUTHOR: Anne Becker]
Rupert Murdoch wants John Malone to get out of his hair. To that end, Murdoch might be offering Malone DirecTV. Murdoch's News Corp. is proposing to Malone's Liberty Media a tax-free exchange of its DirecTV stake in return for the $10 billion stake Liberty owns in News Corp., according to a report by CNBC's David Faber. With the satellite business limited in its growth, DirecTV has frustrated News Corp. lately which could explain the company's willingness to part with it. Murdoch aggressively went after DirecTV for years, but has been so disappointed with it lately, he has called it a "turd bird." Another solution would be for News Corp. to buy its competitor EchoStar and have a monopoly of the satellite market.
http://www.broadcastingcable.com/article/CA6372374.html?display=Breaking...

* Murdoch to Hand DirecTV to Malone?
http://www.multichannel.com/article/CA6372364.html?display=Breaking+News

* Murdoch Said to Be in Talks With Liberty on Stock Swap
http://www.nytimes.com/2006/09/15/business/media/15cable.html

* Murdoch May Swap DirecTV
http://www.latimes.com/business/printedition/la-fi-liberty15sep15,1,7792...