Lee's decision to follow up his Oscar win with a TV project was seen as a sign of the growing strength of cable TV.

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But Ergen still must contend with the increased strength of his cable rivals.

FORBES: Magazine Article

News Corp has demonstrated strength in its cable networks business driven by an improvement in advertising and subscription fee.

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On the other side of the ledger, Walt Disney shares shot up 6.8% after the Mickey Mouse operation booked better-than-expected fiscal fourth-quarter earnings on strength in its cable properties like ESPN and a steady performance from its theme park business.

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The acquisition gives control over the network to Viacom (nyse: VIA.B - news - people ), which delivered a first-quarter profit off the strength of its other cable networks, including MTV .

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But such cable channels as Nickelodeon and the Cartoon Network were eroding Fox's strength.

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But cable channels like Nickelodeon and the Cartoon Network were beginning to erode some of Fox's strength.

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Business Secretary Vince Cable described the announcement as "excellent news" and said he saw it as "further evidence of the strength of the UK automotive sector".

BBC: Land Rover to create 1,000 jobs at Halewood