Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : TCOMA -- Ignore unavailable to you. Want to Upgrade?

To: Terrapin who wrote (547)	3/27/1998 6:11:00 PM
From: Terrapin	Read Replies (1) \| Respond to of 663

This is interesting. Where is Primestar held? In the Ventures Group? Friday March 27, 10:35 am Eastern Time U.S. preparing to block Murdoch/MCI deal-report WASHINGTON, March 27 (Reuters) - U.S. antitrust regulators are preparing to block the $1.1 billion sale of a key television satellite slot from Rupert Murdoch's News Corp. Ltd. (NCP.AX) and MCI Communications Corp. (MCIC - news) to a group of cable operators, the Washington Post reported on Friday. Staff of the antitrust division of the Department of Justice will recommend soon that the satellite sale to Primestar Partners be blocked outright or substantially modified, the paper reported citing sources familiar with the inquiry. MCI and News Corp acquired the desirable satellite slot, one of only three suitable for direct broadcast television transmission to the United States, in a government auction in 1996. But the partners feuded over the joint venture and never offered a direct broadcast service. Direct broadcast services are seen as the strongest potential competitor to land-based cable monopolies. Antitrust regulators were examining the effect of Primestar's proposed acquisition of the satellite slot on that competition. Primestar is owned by TCI Satellite Entertainment, a publicly traded spinoff of cable giant Tele-Communications Inc. (Nasdaq:LBTYA - news; TCOMA - news), Time Warner Inc. (TWX - news), MediaOne Group Inc (UMG - news), Comcast Corp. (CMCSA - news) and Cox Communications Inc. (COX - news). The companies could not be reached immediately for comment. --------------------------------------------------------------------------------