Bear Stearns: FCC approval in 2-4 weeks - Orbitcast

Bear Stearns: FCC approval in 2-4 weeks

| 45 Comments

Sirius-XM
The merger between Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. could likely see approval from the FCC within 2-4 weeks, says analyst Robert Peck at Bear Stearns.

Additionally, Peck says that investors may be too concerned over spectrum divestiture.

"One of the concerns is that the FCC may ask Sirius/XM to divest one set of spectrum," writes Peck in a client note this morning. "However, given this will result in significant dislocation for millions of existing [subscribers], and limited possibility of another potential satellite radio play, we do not think spectrum divestiture is likely."

"We believe FCC approval is likely over the next 2-4 weeks and conditions could include providing limited carriage to other content providers, a la carte, as well as pricing caps for a specified period of time."

Peck noted that the FCC is meeting on April 10th, but satellite radio is not on the agenda.

45 Comments

Bear Stearns? These guys are so right they just got bought for a 1/8th of the companies worth? NO to Bear Stearns, NO to Sirius/xm "merge" MONOPOLY.

Thank you for that insight Anonymous.

Nooooooooooooooooooooooo!!!!!

2 to 4 more weeks?

Damn you FCC! Damn you to hellllll!!!

Lol. Ok...so its not TOO much longer. But COME ON! If you agreed on the merger just make the DAMN ANNOUNCEMENT already. You've had what? 400 days already??? Boooooooo!

How friggin hard can it be?

Apparently ALOT harder than it should thats for sure. Wow. Insanely too long.

I like the price caps for a period of time part, that is code for it will be cheap for a while, but later we will nickel and dime you to death. We are witnessing the total demise of XM and quality satellite radio. These are dark days ahead ad as a satellite radio lover I hate what is happening as I sit back and watch satellite radio be alla carved up and rates jacked up and quality content, oh yeah they will have quality content, but it will cost you as a premium, as the word premium implies. I noticed that FOX news is one of those premium channels, this is a very sad.

Look, any news at this point is great. Is there any way to see Peck's actual note? I'd like to read it for myself......thanks.
Kris

Ryan - Wouldn't 4 weeks put it past the extended 2 month deadline of May 1st that the companies set at the end of March? 2 weeks I could understand. 4 weeks? I doubt that.

I am delighted by the reports that the merger is likely to be approved - hopefully with few or no restrictions. If XM/Sirius blow the new company by hiking the price or cutting back on quality they will suffer in the free market. As I write I'm downloading the newest version of Itunes.

Bill

ps. click on my link and visit my blog.

Ha I downloaded the latest version in preparation for the demise of the music on satellite radio, the only good thing left will be news and talk, oops I forgot I will have to pay extra for FOX.

Since the FCC CANT UNDERSTAND=DONT WANT TO UNDERSTAND=TO DUMB TO UNDERSTAND=DONT EVEN KNOW THE LAW=BUT SURE KNOWS HOW TO PROTECT THEIR FRIENDS=I SUGGEST WE HIRE ANOTHER FCC THAT HAS A LITTLE COMMON SENSE AND LOOK OUT FOR THE PEOPLE INSTEAD OF PAID SPECIAL INTREST GROUPS.===I AM THINKING ABOUT SENDING A COUPLE OF HIGH SCHOOL STUDENTS TO THE FCC.THAT CAN MAKE A DECISION IN 24 HOURS.=THEY WOULD NOT BE AFRAID OF THE =NAB.

"Ha I downloaded the latest version in preparation for the demise of the music on satellite radio, the only good thing left will be news and talk, oops I forgot I will have to pay extra for FOX."

Think of it as a "moron tax."

THAT IS ALWAYS THE ANSWER.
WHENEVER YOU TRY TO GET AN ANSWER FROM A BURREAUCRAT, IT WILL BE " 2 WEEKS" THE SAME QUESTION WILL BE ASKED IN A FEW DAY, WEEKS, MONTHS, YEARS, ETC------ETC. THE ANSWER WILL BE THE SAME, 2 WEEKS.

THAT IS ALWAYS THE ANSWER.
WHENEVER YOU TRY TO GET AN ANSWER FROM A BURREAUCRAT, IT WILL BE " 2 WEEKS" THE SAME QUESTION WILL BE ASKED IN A FEW DAY, WEEKS, MONTHS, YEARS, ETC------ETC. THE ANSWER WILL BE THE SAME, 2 WEEKS.

I thought the deadline was May 31, 2008. I hope they come to a descision really soon, also they should be getting out first quarter reports. Hopefully this will help the fcc to finally make a descision sooner than later.

"Ha I downloaded the latest version in preparation for the demise of the music on satellite radio, the only good thing left will be news and talk, oops I forgot I will have to pay extra for FOX."


Think of it as a "moron tax."

Max sounds like a detestable liberal to me. Most of whom are morons. Maybe Max should apply this moron tax to himself, as he and his liberal ilk desire high taxes.

"Ha I downloaded the latest version in preparation for the demise of the music on satellite radio, the only good thing left will be news and talk, oops I forgot I will have to pay extra for FOX."

Think of it as a "moron tax."


"Max sounds like a detestable liberal to me. Most of whom are morons. Maybe Max should apply this moron tax to himself, as he and his liberal ilk desire high taxes."

I rest my case. Unfortunately for you, I can remember a time when the American political dialectic was somewhat deeper than what just drooled out of your mouth. Watch your Fox, baby. But please, don't subject yourself to critical thinking. You might stop watching.

Oh yes. So in your brain dead mind CNN and MSNBC subject it’s viewers to critical thinking. The small amount of viewers they may have. To believe such garbage you would have to be brain dead. CNN and MSNBC spew liberal biased nonsense all day long and are unbearable. Each of these two networks support there own little socialist. No wonder FOX is dominate.

By the way your idea of a deep political dialectic is calling someone who would pay to hear FOX a moron. That is real deep political dialectic.

Considering Peck is the same analyst that said approval was imminent one weekend back in November or so and ended up with egg on his face, I wonder if the 2 to 4 weeks is actually a conservative estimate.

wow, how disappointing. i was looking forward to reading some great intellectual input here but most of it is childish bickering - just like the presidential candidates. nothing ever changes.

@Max
+1

I think if history teaches us anything, we can now officially rule out hearing anything in the next 2-4 weeks.

It's possible that Peck's statements are an attempt to move the stock price up from its recent lows. Even if he's inaccurate and speaking nonsense, it's nice to read some "good news" for a change. And it's always possible that he could be right on the money...or thereabouts...

...OR - Peck might be doing the FCC a favor and quashing the anxiety of those who wait with bated breath, by offering this teaser headline while the days tick away and the FCC is doing GOD KNOWS WHAT! hmm, interesting that Sirius isn't on the agenda for Thursday's meeting (according to Peck); wonder what that means, considering this is an important issue that's waiting for ANNOUNCEMENT and is WAY OVERDUE? Does it mean that they have already decided? Then why the announcement delay? Are they waiting to rain on the parade of the ICO launch? I bet Howard and Oprah know. I bet they get 3am calls.

Peck would not risk another wrong estimate.. Both him and his bank do not need that. It has been hard to predict the government though and it still is.

Such issues do not have to be on the agenda. A vote might come anytime. All this negativity about the merger is expected after all this time. Investors are upset and the PPS reflects that. Martin said he asked for drafts. I hope he has some on his desk by now and he will bring them in the 10th of April meeting. I would say that Peck is right this time but with the government you never know.
IMHO

FREE SPEACH! FREE SPEACH!

Wait a second.... You don't agree with me?! You must be a moron....

is this the same robert peck who back in december said a decision was going to happen around mid december. this jerkoff has lost all credibility as have a majority of so called analysts. This FCC is a joke. i can't imagine the politic'ing going on right now in influence the FCC to stop this thing. It's sad that the only ones opposed are terrestrial radio and politicians taking money from lobbyists. They oppose the merger under the guise of standing up for Americans. Every subscriber who will benefit if for it. Come on already!!

Same ***t , different day .

LOL LOL LOL Pecker Puss has no creditability. LOL
The merger ain't happen'in kid-o's.

I respect Bob Peck.

His person and ability shouldn't be evaluated by the inept performance of his (Bear Sterns) management, any more that YOURS should be.

Did he miss on the December call..... yep.... but his overall record is above excellent.

Trying to guess what an inept and incompetent FCC will do is like trying to expect excellence or honesty from Idiot Bush...try pissing in the wind for better results!

In the case of Bob Peck, don't shoot the messenger!

With only 3 weeks left in the deadline set by XM and Sirius (May 1st), this incredibly "smart" guy says a decision will happen in the next 2-4 weeks. Wow I wonder where he came up with that number...

Since this thread has gone down the idiot trail....

Will Opies sports curse translate to the FCC decision?

Since this thread has gone down the idiot trail....

Will Opies sports curse translate to the FCC decision?

Isn't this the guy who said that the DOJ decision was imminent back back in Nov - Dec of 2007? Geez how right he was back then (decision didn't come down to March)? Please this guy has no credibility, I too can say it is going to happen in a week or two or a month or year.

Oh and how about the FCC Chairman that said the FCC would act quickly once the DOJ approves. Yup this is quick. I guess for the governmetn it is too fast. Oh yeah and John Kerry still wants them take their time. Huh? hasn't it be like a gazillion months already? geez Satellite radio will be dead once they rule on this and then it won't matter if it is a monopoly or not. We would probably wouldn't even have cars by the time they decide. We might be using other means of transportation, etc.

Disturbed: "By the way your idea of a deep political dialectic is calling someone who would pay to hear FOX a moron. "

And your point is?

Disturbed: "Oh yes. So in your brain dead mind CNN and MSNBC subject it’s viewers to critical thinking. "

I never said that, but it shows the "template mindset" these stations offer, and the fools who follow them blindly. Before cable, TV news channels did not stake out a political stance to color their coverage. That is gone- along with the sanity of the nation. Your loss.

Another genius wrote: "FREE SPEACH! FREE SPEACH!
Wait a second.... You don't agree with me?! You must be a moron...."


Obviously the product of a fine educational system.

"I noticed that FOX news is one of those premium channels, this is a very sad."

Hey comedy is expensive to produce.

ST

I agree with you. I'd perfer it if all these networks would focus on the news not focus on the spin. CBS, NBC, ABC, CNN, and MSNBC all put a liberal spin on the news. If you can't tell MSNBC is in the tank for Obama your either not paying attention or a real idoit. While FOX puts a different spin. I won't say concervative spin because FOX loves McCain it seems. But they lean in favor of Republicans. No news network is unbiased which really is sad. The sanity of the nation is gone. You can tell by who they nominated on both sides. I know the Democrats haven't nominated anyone yet but Obama is the likely nominee. This election is going to be a disaster no matter who wins is how I see it.

Robert Peck does not speak for us and frankly we wish he'd keep his mouth shut instead of spouting his fantasies and dreams. The Sirius/xm "merge" is clearly a MONOPOLY and we too urge the FCC to do the right thing and BLOCK this "merge" MONOPOLY, one that only sad satrad fanboy's and Robert Peck dont understand.

Dear Anonymous Coward:
Please shut your pie hole already.

"Oh and how about the FCC Chairman that said the FCC would act quickly once the DOJ approves. Yup this is quick. I guess for the governmetn it is too fast."

While I agree that a decision is long over due, when you consider that it's only been two weeks since the DOJ ruled, that's hardly a long time.

I believe since they've waited this long, the merger is going to get the stamp of approval. The hold up I'd say is over concessions (bandwidth, and the like). They wouldn't still be meeting with Georgetown Partners if that weren't the case. The FCC will approve, but it'll be up to Sirius-XM whether or not they accept the concessions as they're presented to them.

I think they are right.. they guessed the doj right on the day.. they said in November it would be two weeks... then in December they said two weeks.. then in January they said two weeks.. then in February they said any day now, or two weeks... then in March they guessed right.. they said sometime soon, and they were right.. you gotta think like a politician... so now I believe them.. any time in the next 2, 4, 6 or even sooner or later, this baby's gonna hatch.. alrighty then...

I agree with you. I'd perfer it if all these networks would focus on the news not focus on the spin. CBS, NBC, ABC, CNN, and MSNBC all put a liberal spin on the news. If you can't tell MSNBC is in the tank for Obama your either not paying attention or a real idoit. While FOX puts a different spin. I won't say concervative spin because FOX loves McCain it seems. But they lean in favor of Republicans. No news network is unbiased which really is sad. The sanity of the nation is gone. You can tell by who they nominated on both sides. I know the Democrats haven't nominated anyone yet but Obama is the likely nominee. This election is going to be a disaster no matter who wins is how I see it.

FOX News is a premium channel because it is one of the most listened to channels on XM. If CNN or MSNBC were premium no one would pay to listen.