This excerpt taken from the DTV DEF 14A filed Apr 27, 2007.
Timing; Conditions to Completion
Assuming the satisfaction or waiver of all of the conditions to the transaction as described in the News Proxy Statement, we expect that the transaction will be consummated in the second half of calendar 2007. However, because the transaction is subject to certain conditions, including the receipt of certain regulatory approvals and certain tax rulings from the IRS, the exact timing and the likelihood of the consummation of the transaction cannot be predicted. If any of the conditions in the Share Exchange Agreement are not satisfied or waived, the Share Exchange Agreement may terminate, in which case News would retain ownership of the shares of Common Stock of the Company and none of the above-described effects would occur. Please refer to the News Proxy Statement for a more complete discussion of the conditions to the transaction.
The enclosed proxy gives the Proxy Committee discretionary authority to vote your shares in accordance with its best judgment on any additional matters that may come before the Annual Meeting.
If you vote by mail, we encourage you to specify your choices by marking the appropriate boxes on the enclosed proxy card. You do not need to mark any boxes if you wish to vote according to the Board of Directors' recommendations; just sign, date and return the proxy in the enclosed envelope. If you vote through the Internet or by telephone, simply follow the instructions on the proxy card. Thank you for your cooperation and prompt response.