The Fox declared itself satisfied, at present
Recent testimony of News Corp. head Rupert Murdoch before a Senate committee, looking at the pending FCC rules changes that will make it easier for media giants like his company to get even bigger.
Sen. John McCain (R-Ariz.), chairman of the Commerce Committee, asked the witnesses whether they thought relaxing ownership rules would lead to a "wave of media acquisitions," to which nearly all present agreed.
McCain then asked Murdoch if his company would go on a buying spree if the restrictions were eased.
Murdoch said News Corp. had no plans to acquire new media properties, aside from DirecTV.
"I have no plans for anything other than the what I have before you today," Murdoch said, which evoked laughter from some skeptical lawmakers and witnesses.
Of course, Murdoch already has DirecTV on his plate. He's got to digest that acquisition before he acquires any new properties.
Murdoch also defended himself against charges that the DirecTV was the type of media conglomeration that impedes diversity and competition.
"This acquisition has the potential to profoundly change the multichannel video marketplace in the United States to the ultimate benefit of all pay-TV consumers," Murdoch said.
Hmm...
