Media Observer

Tax-free swap studied by News Corp., Liberty
By Julia Angwin And Jesse Drucker
The Wall Street Journal Europe
18 Sep 2006

News Corp. and Liberty Media Corp., which are in talks over an asset swap that would give Liberty control of DirecTV Group Inc., are considering structuring the deal in a way that would save the two companies asmuchas $4.5 billion in capital-gains... read more...