June 21 () - Standard & Poor's Ratings Services said today that News Corp.'s (BBB+/Watch Neg/--) bid to acquire Consolidated Media Holdings (CMH) for roughly A$2 billion, has no impact on its ratings for the company. If the acquisition is funded with cash, we estimate News Corp. would still have "strong" liquidity (according to our criteria), because of to its healthy cash balances and strong discretionary cash flow generation. CMH's primary assets are a 25% interest in Foxtel, an Australian ca