the Sirius/XM merger. As reported by the AP (Associated Press) and The New York Times early this morning - "The chairman of the Federal Communications Commission is recommending approval of the $5 billion merger between the nation's two satellite radio broadcasters in exchange for concessions that include turning over 24 channels to noncommercial and minority programming. That condition -- along with others, including a three-year price freeze for consumers -- convinced FCC Chairman Kevin Martin on Sunday to recommend approval for Sirius Satellite Radio Inc.'s buyout of rival XM Satellite Radio Holdings Inc. The deal affects millions of subscribers who pay to hear music, news, sports and talk programming, largely free from advertising, in homes and vehicles. Martin's recommendation sets the stage for a final vote on the closely watched merger, which could occur any time after his recommendation is circulated among his fellow commissioners." The link to the story is http://www.nytimes.com/aponline/business/AP-FCC-XM-Sirius.html?hp also on C/Net http://news.cnet.com/8301-10784_3-9969202-7.html?part=rss&subj=news&tag=2547-1_3-0-20 and on the Washington Post http://www.washingtonpost.com/wp-dyn/content/article/2008/06/15/AR2008061502149.html
Monday, June 16, 2008
BREAKING NEWS - FCC CHAIR SUPPORTS...
the Sirius/XM merger. As reported by the AP (Associated Press) and The New York Times early this morning - "The chairman of the Federal Communications Commission is recommending approval of the $5 billion merger between the nation's two satellite radio broadcasters in exchange for concessions that include turning over 24 channels to noncommercial and minority programming. That condition -- along with others, including a three-year price freeze for consumers -- convinced FCC Chairman Kevin Martin on Sunday to recommend approval for Sirius Satellite Radio Inc.'s buyout of rival XM Satellite Radio Holdings Inc. The deal affects millions of subscribers who pay to hear music, news, sports and talk programming, largely free from advertising, in homes and vehicles. Martin's recommendation sets the stage for a final vote on the closely watched merger, which could occur any time after his recommendation is circulated among his fellow commissioners." The link to the story is http://www.nytimes.com/aponline/business/AP-FCC-XM-Sirius.html?hp also on C/Net http://news.cnet.com/8301-10784_3-9969202-7.html?part=rss&subj=news&tag=2547-1_3-0-20 and on the Washington Post http://www.washingtonpost.com/wp-dyn/content/article/2008/06/15/AR2008061502149.html
