News

Ferree: News-Hughes Back on Track

10/29/2003 6:46 AM Eastern

Federal Communications Commission Media Bureau chief Kenneth Ferree said the agency should be done with its review of News Corp.’s purchase of DirecTV Inc. parent Hughes Electronics Corp. by year-end, Dow Jones reported.

The 180-day merger-review clock was stopped Oct. 10, day 149, as the commission requested more information from both parties.

Ferree said at a conference Wednesday that he expects the clock to restart "within a matter of days or a week," Dow Jones reported.

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