Claiming that a share swap between News Corp. and Liberty Media will reduce FCC concerns on vertical concentration, Liberty and News Corp. told the agency in a filing on Monday that the proposed $11 billion transaction transferring control of DirecTV to Liberty will serve the public interest. Announced in December, the deal would give Liberty the 38.4% stake in DirecTV currently owned by News Corp., $550 million in cash, and three regional sports networks (RSNs), in exchange for Liberty’s 19% voting interest in News Corp. Contingent upon FCC approval, the parties hope to close the transaction later this year. In an application that seeks FCC consent to the transaction, the parties pointed out that the deal would reduce vertical concentration by moving DirecTV from an owner with “must have” television broadcast assets and RSNs to one that has far fewer RSNs and no attributable interest in any television broadcast network or licensee. Liberty also told the FCC it would adhere to program access and carriage conditions that the FCC imposed on News Corp. when the agency approved News Corp.’s acquisition of control of DirecTV in 2004. Arguing that the deal serves the public interest, the parties proclaimed that the transaction would “reduce vertical integration and foster DirecTV’s development and deployment of advanced services valued by subscribers.”