Friday, September 15, 2006

Murdoch dumps Liberty Media and buries them under DirecTV!

The oh-so exciting media rumour mill seems to be pointing to Murdoch swapping Malone's (Liberty Media) stake in News Corp for their stake in DirecTV.

And if that's not confusing enough it's because Murdoch's worried about getting his poison pill extended which is designed to stave Malone off from trying to take over News Corp.

Either way it looks like Murdoch may be the better off if he dumps Malone as a devious shareholder and buries him under the even dodgier DirecTV satellite business that could even be more stuffed than Ford!

Na, that's too much of a stretch surely?!

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