FCC Chairmain says merger decision in first quarter - Orbitcast

FCC Chairmain says merger decision in first quarter

| 36 Comments

FCC Chairman Kevin MartinFCC Chairman Kevin Martin said recently that the Commission expects to complete its review of the merger between Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. by March.

"If I had to guess, I would guess the commission will be trying to address it in the first quarter of this year," said Martin.

Back in September, the FCC Chairman had said that he was targeting for the Sirius-XM merger review process to conclude in the fourth quarter of last year.

Martin also conceded that the unofficial 180-day shot clock for considering the merger had concluded in December. In fact, Martin said the FCC has not yet completed its analysis and that as recently as a few days ago the Commission was meeting with Sirius and XM over follow-up questions about some of its data.

Kevin Martin also said that it was customary for the FCC to wait for the DOJ before weighing in on a merger and didn't know when the Justice Department would be coming out with its decision. He added that the FCC would not necessarily hold off once the DOJ has completed its review.

[Broadcasting & Cable]

36 Comments

Hey Kevin Martin, Edward Herman wants his face back

i nominate no more FCC rulings or rumor stories until the decision is actually MADE

show of hands please...say i !
iiiiiiiiiiiiiiiiiii

Actually this is the first quote on the deal in a long time from the heads of one of the 2 ruling agencies. Thanks Ryan. Finally some pretty good news. March is not too far away.

I really would like to see A La Carte Radios and Dual sevice radios at retail by next Xmas season.

If I had to GUESS....the commisssion will TRY to address.... (political speak). The FCC will wait for the DOJ to make a decision......after they finish reviewing 6 million pages of data. If a book were written about this process it should be titled "The Big Stall". Mel, its time to forget about paying XM 4.6 shares when it trades at 3.7:1.0. Either start buying XM in the open market to avoid dilution or start talking with Google. The Feds will stall us into Bankruptcy. TV

If I had to GUESS....the commisssion will TRY to address.... (political speak). The FCC will wait for the DOJ to make a decision......after they finish reviewing 6 million pages of data. If a book were written about this process it should be titled "The Big Stall". Mel, its time to forget about paying XM 4.6 shares when it trades at 3.7:1.0. Either start buying XM in the open market to avoid dilution or start talking with Google. The Feds will stall us into Bankruptcy. TV

If I had to GUESS....the commisssion will TRY to address.... (political speak). The FCC will wait for the DOJ to make a decision......after they finish reviewing 6 million pages of data. If a book were written about this process it should be titled "The Big Stall". Mel, its time to forget about paying XM 4.6 shares when it trades at 3.7:1.0. Either start buying XM in the open market to avoid dilution or start talking with Google. The Feds will stall us into Bankruptcy. TV

If I had to GUESS....the commisssion will TRY to address.... (political speak). The FCC will wait for the DOJ to make a decision......after they finish reviewing 6 million pages of data. If a book were written about this process it should be titled "The Big Stall". Mel, its time to forget about paying XM 4.6 shares when it trades at 3.7:1.0. Either start buying XM in the open market to avoid dilution or start talking with Google. The Feds will stall us into Bankruptcy. TV

If I had to GUESS....the commisssion will TRY to address.... (political speak). The FCC will wait for the DOJ to make a decision......after they finish reviewing 6 million pages of data. If a book were written about this process it should be titled "The Big Stall". Mel, its time to forget about paying XM 4.6 shares when it trades at 3.7:1.0. Either start buying XM in the open market to avoid dilution or start talking with Google. The Feds will stall us into Bankruptcy. TV

If I had to GUESS....the commisssion will TRY to address.... (political speak). The FCC will wait for the DOJ to make a decision......after they finish reviewing 6 million pages of data. If a book were written about this process it should be titled "The Big Stall". Mel, its time to forget about paying XM 4.6 shares when it trades at 3.7:1.0. Either start buying XM in the open market to avoid dilution or start talking with Google. The Feds will stall us into Bankruptcy. TV

6 exact postings somewhat proves your post,but a 7th one would really hammer it home

He basically said that this delay is not his fault.
Mr. MARTIN WANTS ALA CARTE AND IF THE DOJ TRIES TO LET THIS MERGER DIE HE WILL BREAK THE TRADITION AND APPROVE FIRST.
At least someone cares about the consumers and the investors. A true American I must say for making the difference when an unfair and suspicious delay holds back the future in subscription services. Not to mention radio.

Mel is not anybody. He brings on the table a deal that will start a revolution on pricing cable and other similar services.
Mr. Martin wants to be the FCC chairman that made life easier for many consumers that pay for content that do not want. A la carte is a dream come true thanks to Karmazin and Martin.
The DOJ so far seems to care more about the ties that politicians have with local radio.
JMHO

Sorry for the multiple posts....something is screwed up on my puter........Ryan, can you wipe the multiples. Thanks TV

The Feds are in no hurry to do anything. That's how they all keep their jobs going. Did you ever picture the government to be a model of efficiency?

"Did you ever picture the government to be a model of efficiency?"

Actually, yes!

Medicare has a 2.1% management overhead and private/for profit health care is around 15% to 25%. The myth that reducing everything to a profit motive (privatization) is the best is foollish. Unregulated capitalism (corporatism) as we are seeing is a recipe for disaster... however I agree that having BushCo style of fox guarding the hen house "regulation" does not work.

Todd

if I had to guess....the merger gets denied!

I will have $500 available to buy XM stock tomorrow. My guess is that either A: the DOJ will bless it today before I have a chance to buy the shares at $10.70, or B: they will deny it tomorrow (or Jon Jacoby will say something tomorrow) after I have purchased my shares, causing it to sink even further.

Either way, I'll lose.

Buy more siri at the cheap price it is right now, and turn off your computer untill march.

Tim.....at the rate things are moving, you may have more success with camel dung futures. TV

"Medicare has a 2.1% management overhead and private/for profit health care is around 15% to 25%. The myth that reducing everything to a profit motive (privatization) is the best is foollish. Unregulated capitalism (corporatism) as we are seeing is a recipe for disaster... however I agree that having BushCo style of fox guarding the hen house "regulation" does not work."

this could not be further from the truth. HMO's are running at about 8% overhead, dont belive everything that edwards spout off. go look at any sec filing for any of the major HMO's and you will see the truth.

second medicare is going bankrupt...hmo's are not.

third 2.1% is easy since they do not have to negotiate contract they FORCE contracts on all healthcare professionals and hospitals. easy to pay claims when everyone in a medicare rating area recieves the same payments. easy to service providers when you can force everything they do.

Want a nationalized medicare system, well good luck telling doctors they have to take a 50% pay cut. Good luck ever making hospitals proftable or even break even without the HMO contracts covering the loss they take on medicare/medicaid. most hospitals take a huge loss on medicare that is then offset by private contracts. go to california public health web site look at the financials reported by any facilities...try UCLA... 62m loss with medicare membership. +42m with HMO's...

good luck telling the drug companies they now can only charge pennies on the dollar and must have a sub double digit profit margin.

approving this merrger does nothing for consumers and the government shouldn't be looking out for investors. If you lose your money tough shit.

Al la carte pricing is the biggest scam around and has never reduced anyone's bill. It is specifically designed to raise your bill.

If I had a guess I would say the merger gets shit canned.. or it gets liver whipped... no wait it gets free flocked.. or is that flogged... it gets final approval by a monkey swinging on the chandelier.. it gets buzzcocked by a rainbow in brazil ... it gets toilet plugged by a big Mexican taking a giant dump to prove that he can plug any toilet anywhere in the northern hemisphere.. hello the plummer is here... good day!!

Yawn, first quarter of what year?

2018

2018

To Anonymous Coward...

Thanks for the enlightening post. You vocabulary is what I expect from todays youth. By the way, Einstien...you spell "PLUMMER"...like this...Plumber.

LMAO

n2deep.... you're a CUNT... so I didn't spell plumber right.. I spelled your name right.. it starts with a C.. by the way I try to comment here regularly but the admin won't allow most of my entries because I have something of value to say so he deletes my entries when I use my regular name and email address so I show by A.C. whatever DOOOOSHH BAAAAG... this won't get posted either.. what a waste... eat it n2deep...

It'll go through.

To Anonymous Coward: (Jan 20 post)

Uhh..speaking of spelling. "DOOOOSHH BAAAAG" is spelled douche bag.

Thanks for proving n2deep's point. Vocabulary and spelling is not one of your strengths, is it?

Back to the topic...unfortunate that the government is yet again moving at the speed of government.

Clear channel or terrestial radio is the 800 pound gorilla in the room. When did 6% of the radio market become a monopoly?

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