/C O R R E C T I O N -- General Motors Corporation/

  In the news release GM (NYSE: GM), Hughes and News Corporation Complete
Hughes Transactions, issued earlier today by General Motors Corporation over
PR Newswire, we are advised by the company that the fourth and fifth
paragraphs should read: 
  Immediately prior to the close of the Hughes transaction, there were
1,109,270,842 shares of GM Class H common stock outstanding.  As a result of
the transactions, GM Class H common stockholders received about 0.8232 shares
of Hughes common stock and about 0.0921 News Corporation Preferred ADSs for
each share of GM Class H common stock held immediately prior to the closing of
the transaction. 
After completion of the transactions, News Corporation transferred its
entire 34 percent interest in Hughes to Fox Entertainment Group, Inc.
(NYSE: FOX) in exchange for two promissory notes totaling $4.5 billion and
approximately 74.5 million shares of Class A common stock of Fox Entertainment
Group valued at $27.99 per share.  As a result of the transfer, News
Corporation's equity interest in Fox Entertainment Group increased to
approximately 82.0 percent from approximately 80.6 percent while its voting
power remained at approximately 97 percent. 
  rather than: 
  Immediately prior to the close of the Hughes transaction, there were
1,109,270,842 shares of GM Class H common stock outstanding.  As a result of
the transactions, GM Class H common stockholders received about 0.8232 shares
of Hughes common stock and about 0.1768 News Corporation Preferred ADSs for
each share of GM Class H common stock held immediately prior to the closing of
the transaction. 
After completion of the transactions, News Corporation transferred its
entire 34 percent interest in Hughes to Fox Entertainment Group, Inc.
(NYSE: FOX) in exchange for two promissory notes totaling $4.5 billion and
approximately 74.2 million shares of Class A common stock of Fox Entertainment
Group valued at $27.99 per share.  As a result of the transfer, News
Corporation's equity interest in Fox Entertainment Group increased to
approximately 82.0 percent from approximately 80.6 percent while its voting
power remained at approximately 97 percent.
  

SOURCE  General Motors Corporation 


    -0-                             12/22/2003 P C DEM008
    /PRNewswire -- Dec. 22/
    /Web site:  http://media.gm.com
                http://www.gm.com /


(GM HS NWS NWS.A FOX) 
CO:  General Motors Corporation; Hughes Electronics; News Corporation Ltd.; 
 Fox Entertainment Group, Inc.
ST:  Michigan, New York
IN:  AUT ENT TVN TLS CPR
SU:  TNM
-0- Dec/22/2003 20:33 GMT
 
 
Press spacebar to pause and continue. Press esc to stop.