DirecTV confirms EchoStar wireless plans

We love it when a good rumor turns out to be true (and, yeah, we love 'em when they're not true, too). And it turns out that almost everything was right about the tales that were spun last month about DirecTV and EchoStar planning to spend as much as $1 billion to bring a high-speed wireless service to the masses in the US. As confirmed today by none other than Rupert Murdoch and DirecTV CEO Chase Carey, the two companies are indeed in talks to develop a wireless service, with Murdoch prepared to write that $1billion check. While the specific wireless technology to be used is still a mystery, our money is still on WiMax -- but of course, it's Rupe's money that will do the talking.