Ten Years Ago... So Far, Murdoch's Bid To Enter Satellite TV In U.S. Goes Nowhere

SO FAR, MURDOCH'S BID TO ENTER SATELLITE TV IN U.S. GOES NOWHERE
[SOURCE: Wall Street Journal 5/15/1997, AUTHOR: John Lippman, Mark Robichaux, and Bryan Gruley]
Ten years ago, Rupert Murdoch had cornered the satellite TV market in Asia and Europe and had start up companies in Latin America. But the US market was not falling into his lap. Murdoch made a too-hasty deal with EchoStar, which then fell apart and EchoStar then sued News Corp. for $5 billion. Also Murdoch's plans were a threat to the cable industry and Murdoch couldn't anger cable too much because he needed cable systems to carry News Corp's F/X entertainment and Fox News Network.
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