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Satellite-based BSkyB has 9.8 million customers and reported a profit of 286 million pounds in the three months ending March 31. "We believe that this is the right time for BSkyB to become a wholly-owned part of News Corporation with its greater scale and broader geographic reach," said Chase Carey, News Corp.'s chief operating officer. BSkyB was created by the 1990 merger of News Corp.'s Sky Television and government-franchise British Satellite Broadcasting. News Corp. already owns pay-TV company Sky Italia, and has stakes in Sky Deustschland in German, Tata Sky in Asia, and FOXTEL in Australia and New Zealand.
[Associated
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