Murdoch bids to take full control of Fox, buy out minority stockholders

[kerry-is-my-prez]

http://www.guardian.co.uk/business/story/0,3604,1387058,00.html
Murdoch bids to take full control of Fox
Chris Tryhorn, City correspondent
Monday January 10, 2005

Rupert Murdoch's News Corporation is planning to buy out minority shareholders in the Fox Entertainment Group in a £3bn deal.
News Corp said it intended to buy the 18% of Fox - home to the Twentieth Century Fox film studios and the Fox news channel - it did not already own by getting investors to swap their Fox shares for News Corp stock.

If a deal is agreed, it would strengthen Mr Murdoch's grip on one of his most important assets, allowing him greater power in striking deals with other broadcasters.

-snip-

Mr Murdoch's decision to take over the whole of Fox follows last year's move to acquire the 20% of Italian satellite broadcaster Sky Italia not already owned by News Corp.

His media empire also includes a number of properties that are not wholly owned, such as US satellite business DirecTV and UK satellite broadcaster BSkyB, in which News Corp has a 35.4% stake.

[MasonJar]

1. I cannot think of a better reason to target Fox as our first media to

take down. I never watch it; I have a very fragile psyche and tummy, but if someone will get a list started of the Fox advertisers, we can begin immediately. I would love to hit Murdoch below the belt and every place else for that matter...especially his pocketbook.

[kerry-is-my-prez]

4. Hopefully, he goes bankrupt after offering too much money for the stock.

He's afraid of a hostile takeover.

[tsuki]

6. He is a hostile takeover.

[Old and In the Way]

7. Kingdom Holdings has got his back.

They've already indicated that they'll be his white knight in any hostile takeover.

Nice to know Saudi Arabia is Murdoch's sugar daddy.....

[Nikepallas]

2. Well, Bush will have the State media he has been dreaming of.

[illflem]

3. Maybe all the folks at DU should buy Fox stock

then refuse to sell it to him.

[kerry-is-my-prez]

5. We need to start doing something..... We can't sit back anymore.

The right has taken over most of the media outlets and we need to start buying them back. We'll never win another election as long as the media is owned by the right wingers and corporations.