Liberty spreads news on DirecTV. (Finance).(Liberty Media Corp. is in discussions with News Corp. for a possible joint acquisition of DirecTV Inc.)

Multichannel News, January, 2003 by Farrell, Mike

Liberty Media Corp. is in talks with News Corp. concerning a possible joint acquisition of DirecTV Inc., the direct-broadcast satellite arm of Hughes Electronics Corp., Liberty CEO Dob Bennett told investors and analysts last week.

Bennett, who spoke at the Salomon Smith Barney Inc. Global Entertainment, Media and Telecommunications Conference in Palm Springs, Calif., last Tuesday, made that revelation as part of his presentation, which outlined four initiatives to build Liberty's distribution footprint.

The three other planks: Expanding Liberty's European cable footprint through its ownership in United Pan-European Communications N.V.; possibly acquiring the Vivendi Universal Entertainment division of Vivendi Universal S.A.; and exercising its...

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