Skip to main content

News Corp U.S. Broadband Partnership

Rupert Murdoch said News Corp may form a new company with partners to allow the media giant to enter the U.S. high-speed Internet market, the Wall Street Journal reported on Saturday.

"Here (in the United States), we don't know," Murdoch told the newspaper. "We may be forming a company with partners to build something out here that would give you broadband." News Corp., which controls top U.S. satellite TV service DirecTV Group Inc., does not currently offer high-speed Internet service.

The chief executive of News Corp., owner of 20th Century Fox movie studios, the Fox News Channel and the New York Post newspaper, said when consumers begin using new high-definition home-video cameras, they will want more two-way bandwidth, according to the paper. Murdoch dismissed talk that cable magnate John Malone wants to take over New Corp., but added he watches Malone closely.

"We have a very civil relationship, but I just gotta watch him so that, in the interests of all shareholders, you can't have someone creep up and get control of the company without paying a premium," Murdoch told the newspaper.

Popular posts from this blog

The $4 Billion Opportunity for Satellite IoT

In an era where wireless connectivity is pervasive, Satellite Internet of Things (IoT) can change industries, offering leaders unprecedented opportunities to drive efficiency and innovation. As industries across the globe seek to enhance operational efficiency and sustainability, satellite IoT emerges as a pivotal enabler. According to a worldwide study by ABI Research, the Satellite IoT market is forecast to reach $4 billion by 2030, with over 26 million connections anticipated. "Prominent satellite IoT providers such as Inmarsat, ORBCOMM, Globalstar, Myriota, and hiSky have been actively working together with their partners to expand their service offerings and enhance connectivity solutions," said Jake Saunders, vice president at ABI Research . Satellite IoT Market Development The satellite IoT market's expansion is largely fueled by its application across key verticals, including agriculture, energy and utilities, fisheries and aquaculture, and environmental monitorin