Federal Communications Commission chairman Kevin Martin confirmed recently that the agency was coordinating efforts with the Department of Justice, but had yet to reach a final decision on the merger between Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc.
Speaking informally at the NBA Tech Summit, Martin also said that while the Commission has received all the necessary information from the two satellite radio companies, they have yet to set a timeline in reaching a final decision.
According to paidContent:
"Traditionally the commission doesn't act on those after the Department of Justice --99 out of 100 times the Department of Justice goes first and the Department of Justice hasn't acted yet on that merger. We have some more information we requested at the beginning of the year from the companies so that we're trying to finalize our conclusions but we're coordinating with Department of Justice. I don't have a timeline."
Today marks the exact one-year anniversary since Sirius-XM merger was announced.
It is obvious that they don't have a timeline. Sort of like the Iraq war this thing drags on forever. Exxon-Mobile and Clear Channel have their mergers. We are left out in the cold.
Stop the Pirates of Eckington.
I saw some of the XM flunkies at the Grammy's last week (you know who you are). I can't wait for the merger to go thru so Mel can take charge and stop the plundering at XM. These bunch of yo-yos are starting to make XM look like Tyco.
Bring on the merger
spam is cute
I most certainly hope Kevin will make the right decision, on the behalf of ALL consumers, and not give Mel his bailout. But no matter the outcome, this does need to be decided so both companies can move on.
I really think this is nothing new. Martin is not going to say they are close to a decision (although he did say that they were coordinating with DOJ on finalizing the decision--which is a positive statement). I would not expect Martin to anything other than what he did say. The FCC meets next week and this statement in no way detracts from or gives an indication that they would not be ready to rule at any time. All he basically said was I am not telling you when we are going to rule.
I really think what Kevin is getting at here, is that they are waiting for the DOJ, and making sure that everyone knows that. In other words, seriously, stop pressuring the FCC about the decision making process, and ask the DOJ why it is taking them so damn long..just MHO
I completely agree with Bandwagon. Note that he even mentioned that it was tradition the DOJ go forward. I really think that is all they are waiting on which is why FCC doesn't have a timeline
Ok! Everybody knows that there are different scenarios depending on any decesion they make but to come out and say that you have no timeline for this merger after you own agency has set a target timeline.hummmmmmmm, does anybody else think this guy is crooked? Who hired this a&&? I know he is not voted for, but he should not be in the job he is in. What a Rat!
George Bush gave him the job. That is the problem.
These governmental agencies just make "busy work". They are the kings at stretching a three month project into fiftheen months or more so as to justify their bloathed staffing. Same old Washington BS.
Dude, "Serious Investor" or whatever you call yourself, WE GOT IT. You saw some XM guys at the Grammys.
Stop repeating yourself, no one cared the first time you posted it, and no one cares now.
You would have thought the NAB's check would have cleared by now....
You would have thought the NAB's check would have cleared by now....
This should be said again. XM has been trying to copy Sirius and it is not working.
I can't wait for the merger to go thru so Mel can take charge and stop the plundering at XM.
You people are RETARDS if you think Sirius is in a better position than XM is. Just look at the balance sheet YOU IDIOTS.
All the car lot subscribers in the world wont save that sinking ship. In the end, MONEY TALKS and Sirius has nothing to say.
XM fanbois are hoping the timeline is never, or at least not for a merger. Otherwise 0.0 and all the other trash at XM, like the fags at the Grammy's, are gone. Can't wait for Mel to clean out the X. Though I think the price they gave for XM stock is too high. Maybe 1.75 to 1 ratio, but not that bullshit they offered. That is really overpaying to buy XM and close them down.
Wow. Look - more spam!
If Sirius wasn't sinking faster than the titanic. Their would be no need for a merger!
I love people like Sirius Investor.....
They read news headlines & articles that are so over-the-top wrong, and they spew it back like they are in the know. Your 50 shares of Sirius hardly makes you someone worth listening to.
Blow it out your ass! Sirius is not buying XM. It is a merger of equals! Both companies need this merger to go through. Coward said it best, look at the balance sheet! It is more than apparent that the combination of these 2 companies will allow the Sat Radio industry to stay afloat. But these tools that keep saying shit like " I cant wait til Mel does this and Mel does that " MEL IS NOT YOUR SAVIOR!!!! He is the daily ops guy...he answers to people higher up then he. He isnt about you...he isnt about seeing one name stay and the other go...and he isnt interested in Howard vs O&A. He is interested in $$$$$$ That is what this guy is all about! So you Sirius fags can quit the campaign agaisnt XM and that wait til Mel gets in there. AINT GONNA HAPPEN TOOLS!!!! There will be a 3-year hold on everything! That is part of the agreement XM-Sirus has with the Feds. Sure, alot of redundancy will be terminated over time...that stands to reason. But Mel will not do anything that will make a single sub terminate their radios.
Which means that all you O&A haters will continue to blast them and call them 0.0 or whatever clever names you Sirius fags come up with. But the bottom line is that ALL the content on both services will be still there after the merger....only that you will be able to simulcast Sirus on XM and vice versa.
So please....enough with the mis-information. Your pathetic attempt to spin this into a win for Sirus and XM gets the boot is embarrasing! BOTH names...XM Satelite Radio & Sirius Satellite Radio will be around for a long time to come....
BETTER GET USED TO IT!!!!
This is a veiled statement, blaming Justice.
Besides, what could Justice possibly need to make a decision? Why would this take so long? Justice isn't asking for any new info. They are just dragging their decision out, and for no apparent reason.
The FCC is ready and waiting. The Injustice department is being ridiculous and lazy.
"Which means that all you O&A haters will continue to blast them and call them 0.0 or whatever clever names you Sirius fags come up with. But the bottom line is that ALL the content on both services will be still there after the merger..."
YEAH MAN YEAH!!!!!!!!!!!!WE ALWAYS WIN IN THE END!!!!!!!!!!!!!!!!!!
TELL EM FRED
So if I am wrong, what name will be on the stock? Last time I checked, Sirius. You are getting our stock for yours. Thats a buyout. Doesn't sound like a merger of equals, does it?
And if you want to talk about whose doing better, which one has signed up millions of new subscribers and caught up in just a couple short years? Which one hired the biggest radio talent ever and brought them from an ailing satrad to soon to be #1. XM can't give their shit away, and 0.0 are not bringing anybody in. What was it, like 30,000 that paid to listen to their drivel, and nobody listens on testicle radio. Unless they really kiss Howards ass, they are GONE when this is done. He will not allow them to stay on, and if he threatens to walk or not renew his contract, then you know he will get ANYTHING he wants. They and all of the XM channels except the baseball channels will be gone in 2 years. You'll all be listening to the best radio on radio, and Mel will get to retire with the riches he'll make.
Seriously if you find the need to champion Howard Stern or OA on a message board and get so animated about it, its a clear sign to me that you really need to find a girlfriend...Give up on it already, the rest of the world has better things to do then champion our allegiance to one of the two idiots on both services...The FCC has no timeline, bc they dont rule till anti trust concerns are passed, and they will not hamstring the DOJ..end of story...
However, DOJ, if you could stop making a mountain out of a freakin mole hill, get all the dirty politicians out of your pockets, and let this merger pass (i mean you let giant oil companies who have our country by the balls merge)...your not only NOT looking out for competition, at this point you are squashing it...
Sirius Investor said:
>>>>Last time I checked, Sirius. You are getting our stock for yours. Thats a buyout. Doesn't sound like a merger of equals, does it?
It's a merger of equals... if it weren't, then Sirius wouldn't be giving up slightly more than 50% of the equity in THEIR company to do it. And they certainly wouldn't be giving up the majority of the seats on the new Board of Directors of the new company - to the company they're "buying out". If it were less than 50% and if Sirius maintained the seats on the Board, then yes... I'd consider it a buyout. But since Sirius is giving up so much... it is anything BUT a buyout.
Doj needs to get this right, I'm pretty sure lawyers are going back and forth, even a court settlement takes years. I'm sure they are working on this in a quick matter, 1 year isn't that bad, avg liability court cases take up to 5 years. They have to look at everything, and then take that everything and put it under several microscopes and perform more paperwork to be discussed again and again until they get a final conclusion. Real pain in the ass for investors but I'm sure they are receiving all kinds of pressure from everyone. Everyone looking for a quick buck investing in siri, good luck. I think if they merge, we're going to see an instant $4.00 and then up a $.50 every week for a couple months to hit the $9-$10 highs. And then back to reality and the stock moves back down slowly back down to $5. Goldman is usually right, upside isn't what it used to be. Satellite is a dying breed and so we need this merger to take a decent market share from the rest of the music media outlets.
I'm sure Karmazin is going to sell the company if/after they merge. He's a dealmaker and flipper that knows how to make money, just look at his track record and plus on top of that he's Jewish. So the upside is unlimited. DOJ/FCC should allow the merger with some regulations, small spectrum taken away, price controls, a la carte. Shouldn't be a price control because if they raise prices, everyone would unsubscribe satellite radio anyways, so it's more leverage for the consumer. Consumers can easily listen to free radio, I can't really find any differences in satellite or free radio anyways. Both are full of commercials, (except for music stations on satellite) but both DEFINATELY repeat songs. If satellite didn't repeat songs, then no one would listen, not many people listen to satellite for hours straight, they simply listen on their way to work or home which is probably an hour max. So they need to keep the repition to satisfy all listeners. Same with terrestrial, but only difference is more commercials which isn't too bad. So basically I am saying satellite competes directly with terrestrial radio. On the side, mp3 players are simply storage units just like cd's, they don't deliver live material YET. Once they get internet phone music to become more mainstream then you can say phone is another mode of competion that competes with both satellite/terrestrial. In asia they are watching live Television on their phone's already. Phone's are our new media devices. One phone will have gps/internet/live tv/radio/camera everything you need for your daily lives. What else can I think of... next thing is your atm/credit cards will all be stored your phone...of course with security.
>>> And if you want to talk about whose doing better, which one has signed up millions of new subscribers and caught up in just a couple short years? Which one hired the biggest radio talent ever and brought them from an ailing satrad to soon to be #1.
Sirius Investor, which one, as of this month, will have reported losses totaling more than 2.5 Billion Dollars since the day the "biggest radio talent ever" was hired?
Just remember, Mel will have a boss, and his name is Gary Parsons....
arn't the pests just adorable?the mindless sheep will be the ones who will love stern and the Merger again once 0.0 have to go into Full suck ass mode when this merger goes through
these same aborted pests are the ones who love Imus's mind numbingly boring ass all of a sudden only because 0.0 sucked his sack after the nappy headed ho incident
think for yourselfs sheep..it's still legal
Dont be so quick to think Stern has all this power!
He is gone after his contract is up! Who is going to be the big draw then? Bubba?
That guy is right up there with Mancow! LOSER!!!!!
Think what you will about O&A....but all you Sirus fags are STILL calling them 0.0...but yet, they are still here. In fact, if memory serves right, it was O&A that started the whole Sat Radio "morning show" thing to begin with! Stern came late ( as usual for a old man ) and has been playing catch up. XM doesnt release its numbers on how many subs listen to what. Sirius on the other hand, because they invested so much into Stern, has had to say that every sub since signing him is because of him. Which is a crock to begin with. There are plenty of listeners who have Sirius that never even go near his part of the dial.
Stern did nothing but follow O&A and try to say that he pioneered Sat Radio. GIVE ME A BREAK!!!!!
Sirius will go back to the " little doggie company that couldnt " once Stern leaves...and will rely on XM talent & sports subs to keep them afloat!
O&A always win in the end...and this time...so does XM
We as citizens of the USA have put these people in office to serve us. However, the taste of power and money has caused these representatives to forget why they were put there. In this situation they are supposed to determine what is best for the consumer. The consumer has spoken and wants the merger. But the payoffs and feet dragging has only served to hurt competition and the struggling companies involved. The government should not have a role in stagnating these companies to the point where they need the merger or both could fail. Our Government is failing us and serving their own best interest and the people that contribute to them. It is ridiculous to think that it would take over a year to get this done.
" In fact, if memory serves right, it was O&A that started the whole Sat Radio "morning show" thing to begin with! Stern came late ( as usual for a old man ) and has been playing catch up."
WRONG!During January 2001, "The Bubba The Love Sponge Show" went into syndication. During its run in syndication, the show aired on stations in Jacksonville, Orlando, Hartford, West Palm Beach, Ft. Myers, Wichita, Shreveport and Macon. XM Satellite Radio carried the show as well, first on tape delay, and then live in east coast morning drive.
STERN HONORED HIS CONTRACT,WHAT A CONCEPT
"XM doesnt release its numbers on how many subs listen to what. Sirius on the other hand, because they invested so much into Stern, has had to say that every sub since signing him is because of him. Which is a crock to begin with. There are plenty of listeners who have Sirius that never even go near his part of the dial."
WRONG AGAIN!
http://www.orbitcast.com/archives/arbitron-ratings-for-satellite-radio.html
"O&A always win in the end"
I'VE ASKED NUMEROUS TIMES NOW WHAT DO 0.0 WIN?????????????
feel free to write back if you need to be corrected on any other matter
O
W
N
E
D
.
" In fact, if memory serves right, it was O&A that started the whole Sat Radio "morning show" thing to begin with! Stern came late ( as usual for a old man ) and has been playing catch up."
WRONG!During January 2001, "The Bubba The Love Sponge Show" went into syndication. During its run in syndication, the show aired on stations in Jacksonville, Orlando, Hartford, West Palm Beach, Ft. Myers, Wichita, Shreveport and Macon. XM Satellite Radio carried the show as well, first on tape delay, and then live in east coast morning drive.
STERN HONORED HIS CONTRACT,WHAT A CONCEPT
"XM doesnt release its numbers on how many subs listen to what. Sirius on the other hand, because they invested so much into Stern, has had to say that every sub since signing him is because of him. Which is a crock to begin with. There are plenty of listeners who have Sirius that never even go near his part of the dial."
WRONG AGAIN!
http://www.orbitcast.com/archives/arbitron-ratings-for-satellite-radio.html
"O&A always win in the end"
I'VE ASKED NUMEROUS TIMES NOW WHAT DO 0.0 WIN?????????????
feel free to write back if you need to be corrected on any other matter
O
W
N
E
D
.
what the hell is O&A and 0.0?
is it some kind of online word/phrase?
what the hell is O&A and 0.0?
is it some kind of online word/phrase?
yes sorta like
LOL=laugh out loud
O&A/0.0= FAIL
bwhahahahahahahahah .THE ASS SUCKING HAS OFFICIALLY STARTED!!!!!!!!!!
"Anthony was at the Borgata in Atlantic City for the weekend. He doesn't like the Boardwalk area of Atlantic City. Opie says that there are scary hookers there.
While Anthony was playing poker the table next to him got all roped off. Eventually Howard Stern and his crew showed up. It was a $1/$2 table. After a little while Howard's people started seeing Ant and told Howard. They waved and exchanged a few pleasantries and jokes. Howard shook Anthony's hand when he left. Ant says that it looked like Howard left with about twenty of the one dollar chips. People were taking pics of Howard with Ant in the shot as well. Ant remembered that Artie Lange was performing there that weekend along with Nick DiPaolo.
Anthony's ex-wife's lawyer was also there and talked to him as if they were buddies. It's been ten years of legal stuff against each other. In fact Anthony has a legal meeting again today. The lawyer wanted Anthony to do his impression of him but Ant hates the guy and wanted nothing to do with him."
http://fullblownaids.com/forums/showthread.php?t=21243
Mell isn't going to decide who stays or goes, this is true. I don't particularly enjoy a lot of stuff on Sirius but you don't see me going aww man I can't wait for the murger so so and so will be out! That is not how it works. The people saying this are only saying it because they wish it was so. and really it's a radio service, wanting another channel to be gone? Sounds like the channel that they want gone poses as a threat, otherwise they wouldn't want it gone. In other words, Howard fans, you worry about Howard. He isn't going anywhere and neither are O & A at least not til 2010 when O & A's contract runs out. Stop wishing for unrealistic things that won't happen. and that's another thing, why are all of you breaking this down to 2 channels, 3 if you count howards 2 channels? Last I checked, there were how many hundreds of commercial-free music channels on? If you think Mell decides what goes and stays you really show yourself as being stupid. Mell answers to people higher than him and if people he doesn't like are bringing in revenue, they will stay. That is how it goes.
I love these "serious investors" (or however they spell it) getting a reality check by people who actually know what they're talking about. This isn't about two stupid radio hosts and who brings in what subscribers, it's about the future of satellite radio.
If you "investors" took the time to read balance sheets you'd realize Sirius is worse off financially than XM. But, but, but how can that be? Look at it this way, if the biggest name in the industry couldn't garner enough income for Sirius, what ELSE is there? Hello? How can you be a "serious" investor without scratching your head wondering why they still lost nearly 2.5 BILLION dollars!!! Give it a rest!
And you Stern asskissers drive me up the wall. The only people that care about this stupid radio war between two idiots are you idiot listeners. Nobody with half a brain cares about Stern (or O&A) so please give it up.
0.0
I cannot even respond to you....you are so fucking dumb! XM carried a sydicated show? Then it went live? Dude...do us a favor...and shut the hell up!
O&A are the first to be hired by a sat radio company as "shock jock"
Didnt Howard do an XM commercial? Hmm...and he even stated that XM approached him and they talked about what he could do to XM....and that he wanted to come to XM.
I cannot continue to respond to you because the level of stupidity you have is mind numbing!
0.0 = GO AWAY AND DONT COME BACK TO ORBITCAST
Please....let the adults speak!
what
do
you
WIN
In
the
end????????
0.0 writes - "bwhahahahahahahahah .THE ASS SUCKING HAS OFFICIALLY STARTED!!!!!!!!!!"
Started? You mindless masses have been ass sucking Howie since they day he signed the dotted line. Are you really that dumb, or just play the part? I used to think that Stern Zombies and O&A pests were equally annoying and dumb, but no way. The Stern asskissers/zombies/angry typing kids take the cake. You losers DO always win in the end....... the title of most annoying idiots. Game over. The rest of us lose.
Crawl out into the real world once in a while. You'll be suprised that there actually IS a life without a has-been or wannabe radio host!
0.0, I'm surprised you're still asking that question; the answer seems obvious to me...
...An Orbie!!!! (Maybe this means the end is near.)
orbitcast writer screws people on this merger, FALSE HOPE IS BAD, KARMA BABY KARMA
orbitcast writer screws people on this merger, FALSE HOPE IS BAD, KARMA BABY KARMA
@Anonymous Coward: I love how you say I "screw people on this merger" - this is the 2nd post that you've littered with this nonsense (I can see your IP address). I've been writing about this damn merger for well over a year. Orbitcast was cited in Sirius-XM's merger filing to the FCC even. There's no "false hope" being pushed here, I've worked my ass off for over three years covering these companies.
The only ones who are "screwing people" are the gov't agencies dragging their feet. Don't take your frustration out on me.
If idiot Bush can't fix La. in three years, or catch Osama in 7, what makes anyone think these demogogs can bake a fricking desion in less than three?
Broken Government at it's best.... another reason for Obama!
How can this be a merger of equals when XM is inferior?
"Upon completion of the merger, XM’s former stockholders will own approximately 49.7% of the then outstanding SIRIUS common stock"
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5208593
This asshole needs to be FUCKING FIRED! This is UNACCEPTIBLE. If he doesn't want to do his job, he needs to STEP THE FUCK DOWN and let someone competent do it. At any other job there would be no questions asked. His head needs to fucking roll YESTERDAY!
Rich Said,
>>>"Upon completion of the merger, XM’s former stockholders will own approximately 49.7% of the then outstanding SIRIUS common stock"
From that same link you provided, it also says this:
" • The expectation that XM stockholders, immediately after completion of the merger, would hold approximately 50.3% of the shares of common stock of the combined company on a fully diluted basis, excluding shares issuable on conversion of XM’s outstanding 1.75% convertible senior notes due 2009. "
So which one is correct?
I'll add that when you include the 1.75% convertible senior notes due 2009 -- the amount of Sirius equity that will be distributed to XM's current debt and equity holders will be even more weighted in XM holders favor. Thank you for pointing this out ;~)
--
Homer, rich, no one gives a crap. You two are nerds.
Fourthly, and lastly, of the work which is made up and completed, but which to whom they were addressed. They were addressed by merchants to
Fourthly, and lastly, of the work which is made up and completed, but which to whom they were addressed. They were addressed by merchants to
Cripes! Honestly, how long does it take to approve this merger? Its been over a year and no timeline! I question there approval process and the efficiiency of it (or lack thereof). Typical government bearucracy bullshit. No timeline? What corporation would accept a response to status of a project of "I have no timeline"? Sounds like an incompetent response that screams "I need to be replaced as chairman!" Move it along you bunch of tards!!!