Murdoch owns a managing interest in Sky Italia, a satellite television provider in Italy. In late 2003, Murdoch obtained a 34% stake in Hughes Electronics, the operator of the most significant American satellite Tv system, DirecTV, from General Motors for $6 billion (USD). In 2003, Murdoch bought "Rosehearty", an eleven bed room property on a 5-acre waterfront estate in Centre Island, New York.