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Technology Stocks : Echostar Comm.

SATS 67.23

-2.7%

Nov 20 3:59 PM EST

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To: Goodboy who wrote (787)	5/12/1998 4:53:00 PM
From: Noel	Read Replies (1) of 1394

BREAKING NEWS: Justice To Block PrimeStar Deal SkyREPORT.COM has learned the Justice Department is expected to announce this afternoon that it will sue to block the $1.1 billion sale of satellite assets from Rupert Murdoch's News Corp. and MCI Communications to PrimeStar Inc. Reportedly, the Justice Department concluded the deal would violate antitrust laws. Regulators fear sale of the 110 degree orbital slot will hinder competition between satellite and cable TV systems, and stifle program access for DTH companies. PrimeStar's ownership includes cable operators. It is owned by TCI Satellite Entertainment, a publicly traded spin-off of cable giant Tele-Communications Inc., Time-Warner, MediaOne Group, Comcast and Cox Communications. Tough luck, Goodboy... NOEL

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