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DirecTV Deal Goes Through for Murdoch's News Corporation

It's official. Murdoch now owns Hughes Electronics and the DirecTV satellite service. The deal went through for $6.6 billion yesterday. According to the deal, News Corp. gets 34% of Hughes and Rupert Murdoch will become Chairman of Hughes. [via MediaWeek]
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Written by Steve Hall    Comments (0)     Apr-10-03  
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