News Corp. trades DirecTV for Liberty's stake

According to a report in The Wall Street Journal, News Corp. is poised to buyback its second biggest shareholder's stake in the company in exchange for its 38.6 percent stake in DirecTV. The deal sees News Corp. buying Liberty Media's $11 billion stake in the media giant for News Corp.'s DirecTV assets. While the deal has been under negotiation for some months, sources say it may come to fruition soon. Reports indicate that DirecTV's soaring stock price may be a factor in the prolonged negotiations. It's no secret that most rural telcos view DirecTV as their prime competitor in the payTV skirmishes taking place across the U.S.

For more on the News Corp.-Liberty Media deal:
- see this WSJ article (sub. req.)

Suggested Articles

The third-quarter earnings season is underway and FierceVideo is tracking the results.

As for content, audiences have primarily tuned into entertainment and news programming.

The Diffusion Group reported that more than half of U.S. broadband households will live without an MVPD service by 2025.