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MURDOCH MAKES NEWS WITH SOCCER DEAL AND TALK OF NEWS CHANNEL
Published November 29, 1995
Sky Television, the satellite broadcaster controlled by Rupert Murdoch, inked a $195M deal for the Football League, giving the station a "virtual monopoly on TV soccer coverage in England." The five-year deal begins with the '96 season and will cover the First, Second, and Third Divisions, which could "ease the threat of the leading First Division clubs breaking away to form a second division of the Premier League." The deal gives Sky "a toe-hold in all major English football competitions" (FINANCIAL TIMES, 11/29). ALL NEWS CHANNEL: In a speech to business executives in Boston, Murdoch said he plans to start a 24-hour news channel in the U.S. to rival Ted Turner's CNN. Murdoch: "We think it is about time CNN was challenged, especially as it tends to drift further and further to the left." He declined to specify a timetable, but he said the channel "would certainly be available within the next few years" (REUTERS/DAILY VARIETY, 11/29). Murdoch called the lack of a global news network the "great missing link" in his media empire (WALL STREET JOURNAL, 11/29).