Date: 15th September 2000

Murdoch Sells More Echostar Shares

Adding to speculation that Robert Murdoch's News Corp may be close to a deal to buy Hughes Electronic's DirecTV, an SEC filing disclosed Thursday that Murdoch has sold 7 million shares in EchoStar's Communications, DirecTV's rival. Murdoch continues to hold 26 million shares in EchoStar, representing an 11 percent stake in the home satellite company.

Source: Studio Briefing