News corp in 2016 consolidating the directv acquisition case study
News Corp looked well placed to drive down the prices of entertainment and sports programming.With so many viewers hooked up to Direc TV, no programmer would risk not being in News Corp' s system.Direc TV is also expected to fortify Murdoch's own channels against competition from Comcast and Time Warner.Industry analysts predict that News Corp will be able to drive down the prices of entertainment and sports programming.
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Following the completion of the acquisition, Murdoch became Chairman of Hughes, while News Corp' s former Co-Chief Operating Officer, Chase Carey (Carey) became the President and Chief Executive Officer.
The public shareholders as well as GM' s pension and other benefit plans owned all of GM' s Common Stock, which represented 80.1% of interest in Hughes Electronics. Direc TV gave News Corp considerable bargaining power.
AT&T Broadband owned regional sports rights, telephony and two-way Internet interactivity over cable lines.
Comcast was also seeking to enhance its partnership with programmers such as Viacom.
With millions of viewers hooked up to Direc TV, few programmers will risk not being in News Corp's system.