FCC in No Hurry on DBS Merger

[platinum]

EchoStar Communications Corp. got some bad merger news Wednesday when the Federal Communications Commission declined to expedite review of its new merger proposal with DirecTV Inc. parent Hughes Electronics Corp.

"EchoStar is willing to extend applicable termination dates in our contract to make allowances for the FCC comment period," spokesman Marc Lumpkin said. "We will read the comments and respond accordingly."

"Both GM [Hughes parent General Motors Corp.] and Hughes are not waiving any provisions in the merger agreement," Hughes spokesman Richard Dore said

[James_F]

Where the hell do you get these things from. :shrug: How about a source? :bang:

[raj2001]

It's good news nonetheless. The more they delay the less likely it is to get approved :)

[James_F]

How do you even know this. I'm against the merger probably more than anyone else, but this posting of "news" without a source is crap IMO. I'm actually sick of this kind of posting. Yea, he'll probably post a link to some story/bloomberg article, but the fact remains he never should have posted it without backup.

[platinum]

http://www.multichannel.com/index.asp?layout=story&doc_id=108871&display=breakingNews

relax james

[James_F]

Thank you...

[platinum]

you are welcome

[Geronimo]

Actaully this response is expedited by FCC standards. Maybe not enough but hey they usually take 3-4 months.