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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: Sir Auric Goldfinger who wrote (1610)	2/24/1999 1:07:00 PM
From: CJacks	Read Replies (1) \| Respond to of 19428

GMH, possible short. What is your opinion? News just out: biz.yahoo.com Wednesday February 24, 12:03 pm Eastern Time Broadcasters to sue DirecTV to force cut-off WASHINGTON, Feb 24 (Reuters) - The four major television networks and their affiliated stations on Wednesday said they planned to sue DirecTV (NYSE:GMH - news) to force the leading satellite TV provider to stop carrying their programs. The move follows DirecTV's announcement on Tuesday that it would evade a court-ordered cut-off of network programming by supplying network signals itself instead of buying programming from PrimeTime 24, the company that had been ordered by a U.S. court to stop providing network programming after broadcasters had sued it. Under a 1988 law, satellite TV services like DirecTV and Echostar Communications Corp. (Nasdaq:DISH - news) can only offer network programming to customers who cannot receive adequate over-the-air TV reception. In the PrimeTime 24 lawsuit, a federal judge found last year that the company had ignored the law's limitation and illegally signed up more than two million satellite TV subscribers. The court ordered that PrimeTime 24 cut-off those customers on Feb. 28 and April 30. CBS Corp. (NYSE:CBS - news), General Electric Co.'s (NYSE:GE - news) NBC, Walt Disney Co.'s (NYSE:DIS - news) ABC and News Corp.'s Fox planned to file the lawsuit later on Wednesday against DirecTV in the same U.S. District Court in Miami that made the earlier ruling against PrimeTime 24.