Sirius Satellite Radio & XM Satellite Radio Merger Green lighted?
The Wall Street Journal is reporting that the majority of FCC commissioners have reached a tentative deal to approve the merger of Sirius Satellite Radio and XM Satellite Radio. The only FCC member left to vote is Republican commissioner Deborah Taylor Tate, and she is expected to sign off on the deal in exchange for a consent decree that resolves several enforcement issues involving the satellite radio companies and a combined fine...
FCC Chair Recommends XM-Sirius Merger – Still Not A Done Deal
After a year in red tape, the Chairman of the Federal Communications Commission, Kevin Martin is recommending that the proposed merger between the two satellite radio concerns, Sirius and XM, valued at $3.8 billion, should be approved. The FCC honcho did make a number of concessions, including turning 24 channels over to noncommercial and minority programming, a three-year price freeze for customers, and most importantly, the...
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