FCC Commissioner Jonathan Adelstein has withdrawn his offer presented last week and voted against the merger between Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc., report The Associated Press.
Adelstein sought futher conessions last week - including a 25% set-aside and a 6-year price freeze - but failed to draw support on his proposals.
This means the fate of the Sirius-XM merger now lies with Republican member Deborah Taylor Tate.
Interestingly, Adelstein may have hinted towards the direction that Commissioner Tate is leaning, when he released this statement today:
"I was hoping to forge a bipartisan solution that would offer consumers more diversity in programming, better price protection, expanded choices among innovative devices and real competition with digital radio," Adelstein wrote. "Instead, it appears they're going to get a monopoly with window dressing. We really missed a great opportunity to reach a bipartisan agreement that would have benefited the American people."
Adelstein seems to be speaking as if approval is inevitable.
Thanks Pete & Robert!