US citizens-only condition on DirecTV audit committee
The three national security agencies -- the Justice Department, FBI and Department of Homeland Security -- have conditionally signed off on News Corp.'s purchase of a controlling interest in DirecTV, owned by Hughes, according to this Wall Street Journal story (subscription required).
To satisfy national-security concerns, Hughes, a unit of General Motors Corp., agreed that its audit committee would be made up of U.S. citizens. That committee would have the sole authority to oversee a variety of matters involving foreign entities, including their attempt to get information about the DirecTV satellite network or its use by foreigners for electronic surveillance.
Hmm, not sure I understand how this condition will truly ensure national security!