On December 22, 2006, News Corporation sold its interest in four Fox Sports regional networks – FSN Utah, FSN Pittsburgh, FSN Northwest and FSN Rocky Mountain – as well as its 38.5% ownership stake in satellite provider DirecTV to Liberty Media for $550 million in cash and stock, in exchange for Liberty's 16.3% stake in News Corporation. On May 4, 2009, DirecTV Group Inc. announced it would become a part of Liberty's entertainment unit, with plans to spin off certain properties into a separate company under the DirecTV name, which would operate the four acquired FSN-affiliated networks through DirecTV Sports Networks, a new division formed on November 19, 2009, upon the spin-off's completion.