News Corp shares soar as markets digest MCI deal

Article Abstract:

The alliance between News Corporation, owned by Rupert Murdoch, and telecommunications concern MCI represents a considerable step towards the creation of the information superhighway. The two concerns will be able to provide financial data, television, films, educational material and other services, with News Corporation benefiting from MCI's telephone network and marketing expertise. MCI will initially pay up to $1 billion for preferred stock in News Corporation, with an option to purchase a further $1 billion worth.

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The race to wire up the world

Article Abstract:

The recently arranged alliance between Rupert Murdoch's News Corporation and US long-distance telecommunications operator MCI could prove extremely influential. With this deal, Murdoch will become the first media magnate to control a full set of multi-media gobal alliances which cover all the potential future ways of gaining access to ordinary households. He will now be in a position to combine broadcasting and telephony, rather than specialising in a particular type of new media.

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Murdoch purues Italian television

Article Abstract:

Fininvest is thought to be considering an offer from Rupert Murdoch's News Corp for a controlling stake in the operations controlled by Italian media magnate Silvio Berlusconi. The stake is worth $4.6 billion, according to Fininvest, but News Corp is thought more likely to bid around $2.8 billion. News Corp is seeking to purchase 51% of three national television networks and television advertising concern Publitalia.

Investments, Berlusconi, Silvio

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