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 Send to email | FCC Staff Signs Off On XM, Sirius; Satellite Still Screwed in SIRIXMSR |  By Silicon
el 16-Jun-2008 |
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 The FCC's staff has given the XM and Sirius merger the go-ahead, which means it's finally a done deal (after a mere 15 months or so) unless something extraordinary happens in the near future, the WSJ reports.
Technically, the FCC itself has to vote on the merger, and XM (XMSR) and Sirius (SIRI) will have to agree to a couple of concessions (price caps, a pledge to let other companies make receivers, a promise to hand over 8% of the spectrum to third-party broadcasters, etc).
But there's no reason to think the commission itself won't approve the deal, likely within the next three weeks. And the desperate satellite guys would agree to just about anything to get this deal done. Unfortunately, we still don't see a merger helping the two companies out long-term: Consumer apathy plus increased competition are much harder to overcome than federal regulators.
As an aside: The WSJ, the AP and the Washington Post all reported on this story within minutes of each other around midnight Monday morning. Ever wonder why news organizations all miraculously learn about news stories at the exact same time? It's called an "embargo", and we won't bother you with a Columbia Journalism School discussion about their pros and cons here.
But we will note that more than a year ago, Valleywag's Nick Denton predicted that the Journal, under the new leadership of Marcus Brauchli, would stop honoring embargoes. Brauchli is gone now, but the embargoes remain:
wsj embargo.png: Paste this image in your site, Myspace, Facebook, Ebay copy this code...
See Also: What Happens To XM And Sirius After A Merger? Not Much
The iPhone's AOL Radio: Bad News For Satellite Radio
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| FCC: We're Ready To Rule On XM-Sirius - Someday | | FCC boss Kevin Martin has told his staffers to prepare documents for XM Satellite Radio's (XMSR) merger with rival Sirius (SIRI), the WSJ reports ($):
During a press conference Thursday, Mr. Martin said he
had asked his staff to draft a document incorporating a variety of
possible outcomes for the merger proposal. He wouldn't go into
specifics ab [..] Read complete article | | Published 20-Mar-2008 by Silicon in SIRIXMSRAAPL
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| XM Satellite Q1: More Losses, More Merger Delays | | XM Satellite (XMSR) and Sirius (SIRI), stymied by regulators for more than a year in their attempt to merge, are doing their best to press their case. XM's latest move: Turn in yet another lousy quarter, which proves that it can't survive as a standalone company. Oh yeah -- and miss the Street's low expectations along the way. Sirius turns in its own report card at the end of the day.
[..] Read complete article | | Published 12-May-2008 by Silicon in SIRIXMSR
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