News Corp. spokesman confirmed Fri. company was beginning to look...
News Corp. spokesman confirmed Fri. company was beginning to look at “other options” beyond DirecTV deal as industry reports continued to indicate merger was on what one analyst called “shaky ground.” Spokesman said News Corp. was “still hopeful for…
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a deal” but admitted companies weren’t close to agreement. Sticking point in negotiations has been control of merged operations, with GM Pres. Michael Smith reportedly putting together side deal with investors that would allow GM to spin off unit as independent company and recoup cash it needed for operations. Satellite analyst who has been following deal said News Corp is “in very strong position.” Others say that if Hughes hasn’t found buyer with more money. “It comes down to control,” analyst said. Meanwhile, EchoStar refused comment on reports that talks between CEO Charles Ergen and Murdoch were “going better than expected” in last 3 weeks as problems between companies have escalated.