Adelstein votes against Sirius-XM merger - Orbitcast

Adelstein votes against Sirius-XM merger

| 67 Comments

Mel Karmazin and Jonathan Adelstein

FCC Commissioner Jonathan Adelstein has withdrawn his offer presented last week and voted against the merger between Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc., report The Associated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.

[AP]
Thanks Pete & Robert!

67 Comments

"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," it read. "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."

I think this is great news.

What a BLANKING SHAME!!!! The future of two companies and our investment in her hands. I really hope someone is taking notes for a book. This is a shame.

From his statement...

Adelstein's vote puts even more pressure on Tate, who is seeking resolution of a pending enforcement action against the companies, according to public filings.

Adelstein released a statement Wednesday.

"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," it read. "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."

Those last two sentences would seem to indicate approval, right?

Yea, but check out this quote-

"Adelstein released a statement Wednesday.

"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," it read. "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."

http://www.sanluisobispo.com/news/politics/story/420073.html

Did he just tell us Tate's vote?

"Adelstein said they will now get their monoploly with window dressing...."

http://ap.google.com/article/ALeqM5iOz1FYWduExBs1ZzZ6SfJvkPX1DAD923L7S80

That says it all!!!!!!

Done Deal!

Sounds like the typical BS that the government has been feeding this country for years! Guess if your not a cocking sucking government company you get nothing.... and people wonder why businesses are going to foreign markets....

And Mel wouldn't have let Adelstein go unless he knew he had Tate...

2 Down and one more NO! to "merge" MONOPOLY scheme's to go.

Translation of Adelstein's self serving twaddle:


"By placing impossible conditions that no sane person would countenance, I am now off the hook over my veto, placing the responsibility and blame on the decisions on others. This is because I am a coward and a moral pygmy, and I can avoid burning any political bridges once my time here is over."

Le, Let me remind you it is a woman with the last vote. NOTHING about a woman mind is logical. If you don't realize this, you know nothing about women.

Well Adelstein got paid off big time to vote no for the merger by the National Association Of Bullshit who right now is having a big party celeberating the possible death of satellite radio . NAB needs to burn in hell for what there doing.

I simply love monopolies!!!!!

No sell off, shorts covering... looks done to this old guy.

TATE is the HERO ...someone said this somewhere before i think.

Still Love you JA .. thanks for the push. I know what you did.

Regardless of the outcome, we need people here to cuase the NAB and David Rehr a world of pain: boycotts, letter writing, shunning of NAB as an organzation, etc.

Suggestions are welcome- it's payback time.

Good because fuckface was not going get his 25% spectrum & 6 years anyhow.

Again, no big deal.

Tate is up and will approve with a few more additional conditions to strengthen the enforcement and the NAB can suck off with HD boy.

News out XMSR Rolling now....

Looks to me like a leak ... 600,000 shares of XM popped 10 minutes ago up 5% ++.
Expect an announcement soon.

See you at the pay window.

Looks to me like a leak ... 600,000 shares of XM popped 10 minutes ago up 5% ++.
Expect an announcement soon.

See you at the pay window.

Adelstein was testing satrad to see how desparate they were. It didn't work! They were essentially unmoved by his offer to give up 25% of the stations, etc. Tate is probably asking for a couple small concessions, if anything. She will likely sign off on it by Friday. The less she asks for the better for the stock price.

What the idiots at the FCC don't understand is that XM will probably go under anyway leaving Sirius. I guess they don't give a rats ass about the XM investors. If it all does come down to that I hope Sirius sticks it up the arses of NAB, FCC, and every minority group that tried to get a free piece of the pie. I hope they all choke on it.

Arb play on ... Siri @ 35% of daily volume, and down... XMSR at 110% of volume and up.

NO SIR,
YOU WANTED TO USE YOUR POWER IN ORDER TO EXTRACT VALUE OF A COMPANY AND GIVE IT TO SPECIAL INTEREST GROUPS...
YOU WANTED THIS TECHNOLOGY OUT OF THE GAME AND ITS COMPETITION ABUSING PEOPLE'S EARS WITH COMERCIALS.

ENOUGH IS ENOUGH!! SAT RADIO IS HERE TO STAY!

MS. TATE PLEASE CAST YOUR VOTE AND MAKE THIS TECHNOLOGY WHAT MR KARMAZIN AND MR MARTIN WANT IT TO BE. BRING A-LA-CARTE TO THE PEOPLE AND GIVE THEM CHOICE. LET THE CONSUMER JUDGE IF HE WANTS TO BUY THIS SERVICE OR NOT AND LET THE FREE MARKET DO ITS WONDERS.

IT IS SAD TO KNOW THAT BOTH OF YOUR FELLOW COMMISIONERS WILL GET FOR THEIR CARS ONE OF THE PACKAGES THAT THE NEW COMPANY WILL OFFER BECAUSE THEY WILL LIKE THE COMBINED XM+SIRIUS CONTENT EVEN THOUGH THEY VOTED AGAINST IT.

XM up, Siri down so where will these stocks settle on approval ?

Paul is again correct..... adding .... JA was allowing a default position.... in case.

Institutions are shorting Sirius and buying XM big time.

11.00 -12.50 / 2.25 -2.65

Sirius up a little / XM up a lot.

I love the pic of Mel. Looks like he's praying to the alter of the almighty FCC.

Regardless of the outcome, we need people here to cuase the NAB and David Rehr a world of pain: boycotts, letter writing, shunning of NAB as an organzation, etc.


Suggestions are welcome- it's payback time.

I suggest to everyone that they just take there terresterial radios or HD and destroy them with hammers an everything to show how the NAB are a bunch of politically corrupt jackasses screwing the satellite radio customer over.

I'm locking a bottom for safety now.
Sell orders set 12.80.

There's only one way to get the NAB back -- get the RIAA to force them to pay royalties like everyone else.

That's the ultimate payback.

XMSR now 1.40% of volume, Siri at 50%. XM up / siri down

Little guy is selling XMSR AND Little guy is selling siri and buying XMSR.
Big guy buying xmsr.

GUYS, GUYS, GUYS!!!!

TATE could have ended this crap at any time she wanted. Adelstien's demands were made as TATE agreed to standby. You think she is not complicit in the mess? Think about guys....The only way Adelstien was able to extract his demands and press was because TATE agreed not to make a move. This is why I this she may be in doubt.

ITS NOT A MONOPOLY YOU IGNORANT BALD F*CKER.. Just keep being a shill for the NAB.


Vote Republican next election.

WOOOOOOOOO HOOOOOOOOOOO!!!!!

I never thought the word MONOPOLY WOULD SOUND SO GOOOOOOOOD!!!!

MUSIC TO MY FUCKING EARS!

This is the BEST news I’ve heard in awhile.

Lets hope it’s true, and no more fucking monkey wrenches are thrown into the gears.

This delay has gone on waaaaaaaaaaay too fucking long.

Come on Tate. If this be true….VOTE yes and lets go home ok?

Enough delays.

Larry...you could be right, but the "tape" doesn't suggest it at this minute.

This may be great news, since Pionner didn't even bother meeting with Tate, but met with Adelstein, instead - "NO" to the HD Radio farce!

"There's only one way to get the NAB back -- get the RIAA to force them to pay royalties like everyone else."


Hmmmm..... The scum of the earth at the throat of the trailer trash of Washington.

I LIKE IT!

SHIT! I just thought of something. WHAT IF....Adelstein wanted to send one more FUCK YOU to shareholders, and made that statement and it wasn't TRUE?!!

What IF....he KNOWS Tate is going to side with Copps and him by denying or adding outrageous restrictions...and just wanted to throw a head fake?

I wouldn't put it past the MANIPULATING BASTARD. It would fit in with the NABs ultimate plan to FUCK both companies AND shareholders ONE LAST TIME.

MUTHA FUCKA!!!!

TATE.....FUCKING VOTE ALREADY!!!!!!!!!! ENOUGH OF THIS MIND FUCK SHIT!!!!!

Don't think Tate is giving this a go...public radio has too much money to toss..... Maybe if SIRI gives her some ownership it would change her tune. What will they do when XM or SIRI most likely XM goes under.....

Plowboy, Tate will come in with demands that are heavy. She will be the deal breaker and she and Adelstien know it. They know Adelstien's demands were not going to fly, so look for demands almost as heavy. They both know for certain what SatRad/Mell and company will go for -- it has already been part of a negotiation.

Tate will get get what she and Adelstine want or the deal is off.

Either way we get screwed.

The NAB wins.

"Second commissioner votes 'no' on XM-Sirius deal"
By JOHN DUNBAR
The Associated Press

"WASHINGTON --A Federal Communications Commission member who sought further concessions in a pending satellite radio buyout withdrew his offer Wednesday after it failed to draw support."

Looks like a "NO" to the HD Radio farce!

This was a well orchestrated vote that was intended to extract maximum concessions from SatRad, and make FCC look good as the deal collapsed. With Tatae's heavy demands, Mel will have to say NO. FCC come out smelling like a rose, and the NAB wins.

Next move is Tate's monstrous demands...Almost heavy as Adelstines.

Then Mel and company will say NO..

"Regardless of the outcome, we need people here to cuase the NAB and David Rehr a world of pain: boycotts, letter writing, shunning of NAB as an organzation, etc. Suggestions are welcome- it's payback time."

I've done my share:

http://hdradiofarce.blogspot.com

Now, it's time for:

NationalAssociationOfBastards.blogspot.com

Right now Mel is giving Tate a foot massage as he blows Martin

Tate knows that she could get the Republican Party a whole lot of free "interview time" on satrad as a payback for going along with the merger. That would make her a Republican hero who would then have a lot of markers to call in whenever she needed it in her career whereever she decides to go after the FCC. To vote against the merger would be throwing all of that away. My take is that she goes along with the merger with very minor concessions, if any. Hey, this is Washington and that is how they operate.

I dont know , but I hope Tate if she favors the merger doesnt take the conseccions too far because if she does I drop my sirius radio and go to slacker and Internet Radio full time.

Breaking news a close source to tate's office is in favor of the merger screw u NAB thank you that we have a republician FCC!!!

Here comes the speculation from all the big name financial services that drives stocks.

Ms. Tate,
Just vote and get this done. Mak the NAB cry whit the vote for approval.

I want to be able to get MLB games and NASCAR without buying a second radio and subscription.

DO you think for one second your letters or protests will affect the NAB?

Like a flea biting the ass of an elephant.

Don't waste your time.

The ONLY....and I mean ONLY thing that is going to FUCK the NAB is if this deal is DONE and the revolution against terrestrial radio can resume. Sat Rad will KICK it's ass if allowed to merge.

The last nail in the coffin of terrestrial radio would be if the RIAA FINALLY started forcing them to pay royalties.

Its TIME to END the FREE ride that FREE radio has had for far too long. No royalties? And on top of that terrestrial radio wanted a FREE ride on the backs of Sirius and XM by forcing them to give up 50% of their spectrum....AND to have the NERVE to demand HD radio be installed in EVERY sat radio at NO EXPENSE to them????

FUCK THOSE BASTARDS.

COME ON TATE!!! FUCKING VOTE ALREADY!!!!

What a douchebag!

Breaking- CNBC reports deal is getting wrapped up

Max - where??

Larry.... strongly disagree.... see my thread in forum.
She will spilt the difference being closer to Martin.

Most of all, she'll look good. Smile Deb!

Hey, stock people... Is Worldspace way up on anticipation of the second license becoming open? Or is there something else going on?

hey loser larry, women are the logical ones....idiot....and may I remind you it's taken how long for all the men to vote????


Le, Let me remind you it is a woman with the last vote. NOTHING about a woman mind is logical. If you don't realize this, you know nothing about women.

Posted by: LSLarry | July 23, 2008 12:13 PM

My advice, and I'm being honest. Don't sell on the news.... Siri will go up tomorrow 2.75-3.00 driving XMSR higher. Today is an unexpected anomaly as there were too many leaks.

Nathan:

on the crawl on the screen- wait, they will repeat it.

Here ya go!

FCC chief closes in on deal for XM-Sirius approval

Reuters
Wednesday, July 23, 2008; 12:37 PM

WASHINGTON (Reuters) - The chairman of the Federal Communications Commission is close to securing the final vote needed to get majority support for giving conditional approval to Sirius Satellite Radio Inc's (SIRI.O) purchase of XM Satellite Radio Holdings Inc (XMSR.O), a source familiar with the merger review said on Wednesday.

FCC Chairman Kevin Martin is near an agreement to get the support of fellow Republican commissioner Deborah Taylor Tate, which would give him the three votes needed for approval of the deal on the five-member commission, the source said.

(Reporting by Peter Kaplan; Editing by Tim Dobbyn)

WRSP.... may be specualtion that Mel is buying into it after the close of this deal. Too speculative.... stock is moving on only 80K shares. Danger.

Something had to of happened for him to do this. I don't think this merger will be approved.

This is getting better and better. I hope by tomorrow the deal is officially dead, and the two companys can go back to hating each other just like in the good old days.

"Something had to of happened for him to do this. I don't think this merger will be approved."


Yeah, what happened was that he knows after meeting with Tate that she will sign off the merger without all off the BS stipulations (HD Radio my @$$), so he wanted to get his "No" vote on the record so the NAB would hold that lucrative job for him once he leaves the FCC.


You guys are sicko's

What a bunch of crooks. Ask the NAB how much it takes to buy a member of the FCC.

I was running in the park and I saw PCSTEL blowing Adelstein in the bushes! Mat tried to join them for a 3-way, but PCSTEL and JA said "Not without conditions!" Can't blame these boys for needing a little stress relief!

The NAB has pissed me off so much I cut the fm antenna off my truck so its all sirius all the time, fuck you NAB