News Corp.
By Christine Y. Chen

(FORTUNE Magazine) – The FCC rejected the $18 billion merger between EchoStar and Hughes, which would have created the country's largest pay-TV provider. Although the duo can revise their bid, this cracks the door open again for News Corp. CEO Rupert Murdoch, who tried--and failed--to nab Hughes's DirecTV last year. Now it looks as if the media mogul could be back on the fall lineup. --Christine Y. Chen