DTV will be merged into Liberty Media, now called Liberty Entertainment. Then it will be renamed DirecTV and the symbol will be "DTV". This will include three regional sports networks and a game network. The advantage is suppposed to be that DTV will no longer be 58% owned by a tracking stock (LMDIA).

This will eliminate an arbitrage situation where people would buy LMDIA and sell short DTV, when the shares traded dollars apart. Soon, DTV will trade on its growth and profit record, instead of this arb. That could cause it to trade higher. When this is completed, shorts will have to make some difficult decisions, and will likely see their losses multiply.