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Article: Sky was falling from outset; in countersuit, News Corp. says EchoStar merger was going sour early on.(breach-of-contract lawsuit of News Corporation Ltd. against EchoStar Communications Corp.)(Brief Article)
- Article from:
- Broadcasting & Cable
- Article date:
- June 16, 1997
- Author:
CopyrightCOPYRIGHT 1997 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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In countersuit, News Corp. says EchoStar merger was going sour early on
The $1 billion merger of News Corp. and EchoStar Communications Corp. was melting down barely a month after it was announced, News Corp.'s countersuit against EchoStar alleges.
Indeed, even as News Corp. Chairman Rupert Murdoch was testifying before the Senate Commerce Committee on April 10 about how the Sky DBS venture would revolutionize the multi-channel video world, the merger was essentially dead.
In what's shaping up to be a long and costly court battle, News Corp. last week filed its own version of how what was supposed to be the DBS deal of the century fell apart. ...