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Ongoing Post DOJ Approval XM/Sirius Merger News.

Discussion in 'General Satellite Discussion' started by Richard King, May 27, 2008.

  1. Richard King

    Richard King Hall Of Fame

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    Mar 25, 2002
    http://blogs.wsj.com/deals/2008/05/0...t/?mod=WSJBlog
    XM-Sirius: Still No End in Sight

    Quote:
    Federal Communications Commission chairman Kevin Martin remained mum Thursday, when asked by reporters at a news conference about when he might begin circulating an item on the 334-days-and-counting merger of XM Satellite Radio and Sirius Satellite Radio.

    Real work on crafting a compromise for conditions on the deal won’t begin in earnest until Martin’s staff produces a draft order and circulates it among the other four FCC commissioners. Even then, it will take at least three weeks for the FCC to come to some kind of agreement, if previous transactions are any indication.

    More... too much more....
     
  2. Richard King

    Richard King Hall Of Fame

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    The idiots are trying to justify their existence:

    http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={e28fe120-e4a0-46c5-8070-b6a0e5b84511}


     
  3. Richard King

    Richard King Hall Of Fame

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    http://www.thestreet.com/s/xm-sirius...l?puc=_htmlbtb
    XM-Sirius Success Hinges on Concessions

    20% +20% + 15% = 55%. Of course, this will have to be on top of the 50% that the illustrious Senators insisted that they give up a few days ago. So, for this to go through all they have to do is give up 105% of their total bandwidth. Sure, that's the solution!!!
     
  4. tcusta00

    tcusta00 Active Member

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    Dec 31, 2007
    http://www.fool.com/investing/high-growth/2008/05/28/xm-could-be-a-june-bride.aspx

     
  5. Richard King

    Richard King Hall Of Fame

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    http://www.skyreport.com/#article7

    SkyBOX: Gunning for Godot
    by Evie Haskell evie@mediabiz.com


    And I agree with Evie. The idiots, er, illustrious, highly esteemed members, of the FCC are simply trying to raise the stakes to the point that the two parties will walk away and the FCC idiots, er, illustrious, highly esteemed members can say, "hey, we tried but they left". The idiots should simply say no if they don't want it to happen.
     
  6. Richard King

    Richard King Hall Of Fame

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    http://custom.marketwatch.com/custom/tdameritrade-com/html-story.asp?guid={1746e939-dfe3-4d5f-a754-37a53d65ef19}
    More
     
  7. tedb3rd

    tedb3rd Godfather

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    Feb 2, 2006
    If 25% of the channels go for public and minority interest, then what's the point of a merger? ...I thought the idea was to prevent the companies from going out of business.
     
  8. Richard King

    Richard King Hall Of Fame

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    You have a much better view of the real world than the assembled political types in Washington DC.
     
  9. djlong

    djlong Hall Of Fame

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    Apparently the final deal is "8%, or about 24 channels"
     
  10. James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    Michiana
    I don't believe reducing their capacity will put them out of business. 8% / 24 channels is a large set aside - but it isn't fatal.

    CSPAN radio ... a couple of religious channels ... the political channels ... XM/Sirius will find a way to fill the quota without making it a vast wasteland of bandwidth.
     

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