FCC Setting Conditions For XM-Sirius Merger (Finally)

from the what-took-so-long? dept

It's not clear exactly what Kevin Marin and the FCC have been doing over the last year and a half since XM and Sirius announced plans to merge. The Justice Department gave its approval of the deal back in March. That had already taken over a year, and then everyone turned to the FCC to get its approval. From the length of time it took, perhaps the FCC had just figured that the DoJ wasn't going to approve the merger, and had to scramble to figure out the details before granting (or not) its own approval. FCC boss Kevin Martin has now sent around to the other commissioners his recommended concessions to approve the merger, and it includes things like a temporary ban on raising prices (for a few years) as well as requirements for some channels to be turned over to noncommercial and minority programming. While XM and Sirius eagerly agreed to these concessions (after all this time, they just want the damn thing to be over), other commissioners may try to impose additional requirements as well -- so this might not be over just yet.
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Filed Under: fcc, mergers, satellite radio
Companies: fcc, sirius, xm


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  1. identicon
    CptBeej, 23 Jun 2008 @ 1:20pm

    Concessions????

    Why do there need to be any concessions. I agree the only reason they were offered by XM/Sirius in the first place is they are so sick of waiting for this process to be over. Almost 2 yrs to decide on a merger, are you kidding me...oil companies have merged in about 1/5 the time. But why worry about oil companies...its not like that stuff is important or anything. No, we need to make sure minorities have extra channels on satellite radio. We don't have time to worry about $4/gal gas that effects each and every person almost everyday, not while there is a possibility that roughly 6% of Americans(who obviously have disposable income) may have to spend an extra $36 a year. This whole process has done nothing but highlight the corruption of the gov't. Free radio has lined the pockets of anyone who has listened...and since there was never any ground to deny this merger in the first place...they just delayed everything as much as they could. The whole thing makes me sick...and don't even get me started on the Jesse Jackson shakedown. ALL I WANT IS TO BE ABLE TO LISTEN TO NFL, MLB, AND HOWARD STERN ON ONE RADIO...is that so much to ask?

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