Los Angeles Times reports that DirecTV Group Inc., the El Segundo-based satellite television company controlled by Rupert Murdoch's News Corp., may spend as much as $1 billion to get into high-speed Internet access.
News Corp. and DirecTV are considering options such as partnerships to sell Internet service, Murdoch said at a Citigroup media conference in Phoenix.
"You'll be hearing from us within two months on a very clear plan what will happen, and it's not as expensive as you might think," Murdoch said. "We have a lot of people on this full time at the moment."
News Corp., which beefed up its Internet presence with acquisitions including MySpace.com last year, is looking for new ways to distribute its TV shows and movies, Murdoch said. DirecTV, the largest U.S. satellite TV company, competes with cable television providers that already offer Internet access.
News Corp. and DirecTV are considering options such as partnerships to sell Internet service, Murdoch said at a Citigroup media conference in Phoenix.
"You'll be hearing from us within two months on a very clear plan what will happen, and it's not as expensive as you might think," Murdoch said. "We have a lot of people on this full time at the moment."
News Corp., which beefed up its Internet presence with acquisitions including MySpace.com last year, is looking for new ways to distribute its TV shows and movies, Murdoch said. DirecTV, the largest U.S. satellite TV company, competes with cable television providers that already offer Internet access.