In a statement issued yesterday, GM said that of the stockholders
who participated, about 94 per cent of the holders of GM common
shares and Hughes shares voted in favor of the proposals. The move
clears the way for News Corp.'s $ 4 billion takeover that will give
it control of DirecTV.
DirecTV, meanwhile, has said it will eventually add local TV packages
for its customers in 41 US markets scheduled to begin receiving
local channels next year. The rollout of local channels in these
markets is dependent on the successful launch of the DirecTV 7S
satellite, which is expected in mid-to-late first quarter 2004.
DirecTV now offers local channels in 64 markets. The company said
its goal is to deliver local channels to 105 markets - representing
about 85 per cent of US TV households.