FCC to vote on DirecTV decision
Chairman Kevin Martin said the FCC would vote on the News Corp-Liberty Media transaction for DirecTV. News Corp will be swapping its 41% stake in the satellite TV provider with Liberty Media's 16% stake.
Martin said he would vote to approve the transaction, though he didn't indicate how the other commissioners would vote. The Chairman said he had instructed the four other commissioners to vote to approve the deal by February 26th (the next public meeting), which has been awaiting FCC and DOJ approval for over a year.
To put this in perspective in comparison to the Sirius-XM merger: the Liberty-DirecTV transaction has been on the FCC's clock for 355 days, while Sirius-XM has been on the clock for 248 days.
So at that pace, we have another 3 months or so ahead of us.
[via Wall Street Journal]

Comments
I think you have your clocks flip flopped? The article says merger on the clock 248 days while the clock next to the article says 356 days.
Posted by: Derek | February 11, 2008 9:51 AM
I think you have your clocks flip flopped? The article says merger on the clock 248 days while the clock next to the article says 356 days.
Posted by: Derek | February 11, 2008 9:52 AM
The clock on the front page is the amount of time since Mel made the announcement. However, the actually request has only been in front of the FCC for a little while less than that.
Maybe they'll want to kill two birds at one meeting and approve both issues. (fingers crossed!)
Posted by: Tim | February 11, 2008 9:57 AM
Or better yet, reject Sirius-XM.
Posted by: JonE | February 11, 2008 10:17 AM
Rejecting the Sirius-XM merger will do no good for anyone except for the NAB.
Posted by: Tim | February 11, 2008 11:01 AM
Agree with Jon E. It's in the best interest for the consumer that this merger be rejected. I think the FCC will place way to many restrictions on a merged company, and of course there will be no choice of provider for the consumer.
Posted by: Happy with sat as it is! | February 11, 2008 11:05 AM
It would be in the best interests of the consumers for the government to mandate a flat rate of 1 dollar per month. But is it the right thing to enforce that upon a company and its shareholders? People need to look at this from a more open viewpoint. This whole thing has gotten crazy. Minimal logic and effort would have gotten this thing done months ago.
Posted by: TheHoff | February 11, 2008 11:26 AM
If the companies don't merge, they will tank. The best you can hope for is that if they don't merge, they'll get bought out by some other conglomerates. Maybe Apple, if we're lucky.
Posted by: Tim | February 11, 2008 11:28 AM
No way would they let Apple buy XM or Sirius. That would be anticompetetive. Oh, wait, they don't compete. Sorry.
Posted by: Jon | February 11, 2008 12:19 PM
It seems like the time is ripe
Posted by: RonAndFezNoonTo2:40 | February 11, 2008 12:27 PM
"To put this in perspective in comparison to the Sirius-XM merger: the Liberty-DirecTV transaction has been on the FCC's clock for 355 days, while Sirius-XM has been on the clock for 248 days.
So at that pace, we have another 3 months or so ahead of us."
An irresponsible post by Ryan. Martin said in the press last month when questioned that he guessed the FCC would decide on the DirecTV/Liberty merger and the Sirius XM merger in the first quarter. The fact that the FCC is moving on Liberty DirecTV before the DOJ has stated anything on it is really a very major point here, and Ryan totally missed it. Ryan also missed the point that Martin stuck to his own prediction of first quarter on this TV deal.
Bad post Ryan. You missed 2 key points. Sorry man.
Posted by: MUSCLE13 | February 11, 2008 3:36 PM
Here are the 2 key points from Broadcasting and Cable that Ryan missed. These links were posted in the forums -
http://www.broadcastingcable.com/article/CA6522926.html
1/15
The FCC will try to complete its reviews of the Sirius/XM and Liberty/DirecTV deals by the end of March.
That's according to FCC Chairman Kevin Martin. "If I had to guess, I would guess the commission will be trying to address it in the first quarter of this year."
----------------------------------------------------------------------------------
http://www.broadcastingcable.com/article/CA6530474.html
2/8
Martin had said last month to look for a decision (Liberty/ DirecTV) in the first quarter, although he also said he expected the Department of Justice to come out with its review of the deal first.
He added that he doesn't know what the DOJ has done. "We have coordinated it," he said, "but we have decided that we are going to go forward on this at this time."
Posted by: MUSCLE13 | February 11, 2008 4:16 PM