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News Corp. ends Net-by-satellite plans

News Corp. reported to be ending plans to deliver Internet access via satellite in the United States.
/ Source: Reuters

News Corp. is ending plans to deliver Internet access via satellite in the United States, the Wall Street Journal said Friday.

News Corp. executives had doubted projections of market demand and profitability used to justify the original investment in the Spaceway project, the Wall Street Journal said, citing people familiar with the company's plans.

The company will still send up at least one Spaceway satellite, the newspaper said, but will use it only for television broadcast, not high-speed Internet service.

A News Corp. representative was not immediately available to comment to Reuters.