Printed from http://www.electronista.com

DirecTV merges with Liberty Entertainment

updated 11:00 am EDT, Mon May 4, 2009

DirecTV and Liberty Merge

DirecTV this morning said it would merge with the eventual spinoff of Liberty Entertainment from Liberty Media. The deal is meant to simplify Liberty Media's own structure but puts the satellite TV provider together with TV channels themselves, including the Game Show Network and 3 local sports stations. Executives at DirecTV will keep their positions, though the move will still have Liberty Media founder John Malone and trusts have about a 24 percent stake in the new venture.

Liberty and DirecTV expect the merger to be completed by the end of the year.

The move comes shortly after Liberty Media bailed out Sirius XM in return for its own significant stake. It's not clear whether the spinoff will reduce Liberty Media's influence on the satellite radio provider.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Tylt Energi 2K Travel Charger

Backup batteries and device chargers are objects that many users take for granted. They often only one dimensional, restoring the batt ...

ActvContent Sync Smartband

Smartbands of all sorts are hitting the market. Some build on the buzz around fitness trackers, while others offer simpler features fo ...

RocketStor 6324L Thunderbolt 2 eSATA bridge

Like it or not, the shift to Thunderbolt is underway. The connection is extremely flexible, allowing for video and data to co-habitate ...

Sponsor

toggle

Most Commented

 
toggle

Popular News