FCC's Martin wants agency to OK Liberty/DirecTV deal

FCC'S MARTIN WANTS AGENCY TO OK LIBERTY/DIRECTV DEAL
[SOURCE: Reuters, AUTHOR: Peter Kaplan]
Federal Communications Commission Chairman Kevin Martin is proposing that the agency approve Liberty Media's acquisition of News Corp's stake in DirecTV. He said on Friday that the FCC would vote on the item at its Feb 26 meeting. News Corp. struck a deal in December 2006 to swap its controlling stake in top U.S. satellite television provider DirecTV Group Inc. for Liberty Media Holding Corp.'s stake in News Corp., which the companies had earlier expected to close in the second half of 2007. The deal calls for News Corp to transfer its controlling stake in DirecTV, $550 million in cash and three regional sports networks for Liberty Media's 16.3 percent stake in News Corp.
http://www.reuters.com/article/industryNews/idUSN0848663620080208

* Martin Ready To OK Liberty-DirecTV Deal
http://www.multichannel.com/article/CA6530478.html?nid=4262

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