Advertisement
YOU ARE HERE: LAT HomeCollectionsSky Global Networks Inc
IN THE NEWS

Sky Global Networks Inc

FEATURED ARTICLES
BUSINESS
January 27, 2001 | Bloomberg News
News Corp. hopes to merge its Sky Global Networks Inc. unit into a U.S. satellite broadcaster such as DirecTV or EchoStar Communications Corp., Chairman Rupert Murdoch told CNBC Australia. If successful, News Corp. might scrap plans for Sky Global's initial public offering because the unit's assets would become part of an already publicly traded company, Murdoch said. News Corp. is considered the leading contender for Hughes Electronics Corp.'s DirecTV unit, the No. 1 U.S. satellite-TV provider.
ARTICLES BY DATE
BUSINESS
February 7, 2001 | SALLIE HOFMEISTER, TIMES STAFF WRITER
News Corp. and Hughes Electronics Corp. have tentatively agreed on the broad outline of a transaction to combine their satellite operations and create the world's largest pay television provider, according to sources close to the negotiations. The merged entity, valued at $70 billion, would combine Hughes' DirecTV, the largest satellite television provider in the United States, and News Corp.'s BSkyB and StarTV services, which dominate Britain and Asia.
Advertisement
BUSINESS
October 31, 2000 | From Bloomberg News
Microsoft Corp. may pay more than $1 billion for a 3.5% stake in News Corp.'s Sky Global Networks, the world's No. 1 satellite TV company, the Wall Street Journal reported, citing people familiar with the matter. The world's biggest software maker and Rupert Murdoch's media group are in talks that "are progressing smoothly," the paper said. Spokesmen Rick Miller at Microsoft and Andrew Butcher at News Corp. wouldn't comment.
BUSINESS
January 27, 2001 | Bloomberg News
News Corp. hopes to merge its Sky Global Networks Inc. unit into a U.S. satellite broadcaster such as DirecTV or EchoStar Communications Corp., Chairman Rupert Murdoch told CNBC Australia. If successful, News Corp. might scrap plans for Sky Global's initial public offering because the unit's assets would become part of an already publicly traded company, Murdoch said. News Corp. is considered the leading contender for Hughes Electronics Corp.'s DirecTV unit, the No. 1 U.S. satellite-TV provider.
BUSINESS
February 7, 2001 | SALLIE HOFMEISTER, TIMES STAFF WRITER
News Corp. and Hughes Electronics Corp. have tentatively agreed on the broad outline of a transaction to combine their satellite operations and create the world's largest pay television provider, according to sources close to the negotiations. The merged entity, valued at $70 billion, would combine Hughes' DirecTV, the largest satellite television provider in the United States, and News Corp.'s BSkyB and StarTV services, which dominate Britain and Asia.
BUSINESS
June 21, 2000 | From Reuters
The global satellite television operations of media mogul Rupert Murdoch's News Corp., as expected, filed Tuesday to spin off from the Australian giant and go public in an initial stock sale in the United States. The company, Sky Global Networks Inc., will be the world's biggest distributor of pay-television services, offering programs directly to almost 85 million homes as well as to cable operators and other third-party distributors. In a much anticipated filing with the U.S.
BUSINESS
January 10, 2001 | From Reuters
Ted Turner, the CNN founder, and Rupert Murdoch, whose media holdings include Sky Global Networks Inc., are vying to buy a stake in Russia's biggest independent television station, sources familiar with the negotiations told Reuters on Tuesday. The NTV television station was founded by self-exiled Russian media baron Vladimir Gusinsky--who has run into trouble with the Kremlin over political coverage and fraud allegations--and is part of his Media-Most empire.
BUSINESS
October 19, 2000 | From Bloomberg News
News Corp. shares fell almost 8% after Chairman Rupert Murdoch said the group's U.S. TV unit may experience "weakness" this year and the sale of shares in the group's satellite-TV arm would be delayed. Murdoch said at an annual shareholders meeting that the group's U.S. TV and film unit, Fox Entertainment Group Inc., may see a slowing in advertising revenue, mainly because of Internet companies spending less on marketing in the wake of Nasdaq's 25% fall since the start of September.
BUSINESS
October 31, 2000 | From Bloomberg News
Microsoft Corp. may pay more than $1 billion for a 3.5% stake in News Corp.'s Sky Global Networks, the world's No. 1 satellite TV company, the Wall Street Journal reported, citing people familiar with the matter. The world's biggest software maker and Rupert Murdoch's media group are in talks that "are progressing smoothly," the paper said. Spokesmen Rick Miller at Microsoft and Andrew Butcher at News Corp. wouldn't comment.
Los Angeles Times Articles
|