We're now on day 181 of the 180-day FCC timeclock, and many folks are undoubtedly scratching their heads (or biting their nails).
But a quick look at some of the other major transactions that the FCC had, or has, on its plate shows that this isn't necessarily out of the ordinary for the Commission:
- Adelphia Communications, Time Warner, Inc., Comcast Corporation - 404 Days
- AT&T Inc. and BellSouth Corporation - 253 Days Clear Channel Communications, Inc. and Lee/Bain - 350 Days
- Tribune Company and Samuel Zell - 204 Days
- Verizon Communications Inc. and FairPoint Communications - 266 Days
- Liberty Media, DirecTV - 287 Days
So when Watts said that the FCC review of the Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. transaction could take longer, well, he meant it.
Of course, the DOJ still needs to reach a decision as well, and they don't have a timeclock to adhere to - no matter how arbitrary it may be.
At yesterday's UBS Global Media conference, XM Chairman Gary Parsons said that the Department of Justice will have to approve the merger within a week or 10 days for the deal to go through this year. (UPDATE: Gary's reference to ten days had to do with getting the approval in 2007. He was not claiming that the deal was over if they didn't get the approval in the next 10 days. Sorry for the confusion.) That doesn't leave much time left.
Good, because I don't know about you, but I'm getting a little sick of this.
So when Parsons said , "the Department of Justice will have to approve the merger within a week or 10 days for the deal to go through", does this mean the deal falls through?
Ryan, I assume that when you posted the comment about Parson's reference to "a week or 10 days" you were eluding to the fact that the timeframe was a in order to get it approved THIS year?
i was thinking the same things as i read it to mean that the deal doesnt happen then as the two sides go back to business as usual
I do think that the deal will be ruled on soon as the other deal timelines listed, which are much more in days , have no comparision sinc the fcc chairman said they are looking to finish up around the 180 day deadline so im sure a week later still gets him in that time zone area---give or give
Ryan - He said there would have to be a ruling within a week to 10 days for the deal to close "THIS YEAR". My goodness what you wrote could be taken incorrectly.
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
Does any one have an idea of where the news of whether the merger passes or fail will be announced?
They will broadcast it on channel 135 on Sirius. You must have Sirius or you will never know.
They will broadcast it on channel 135 on Sirius. You must have Sirius or you will never know.
"Does any one have an idea of where the news of whether the merger passes or fail will be announced?"
go to Orbitcast.com they will probably have news on the merger
I am very sure Ryan will get it on here the second it is announced. He prob has text alerts from the DOJ & FCC LOL....
NO ONE HAS A CLUE!!!
Does any one have an idea of where the news of whether the merger passes or fail will be announced?
December 34th, 20∞
We should put together a list (or contest if you will) with everyone's guesses as to when the DOJ and the FCC will each make their rulings. Then the person with the closest guess as to the actual announcments would win a prize. Maybe you (or someone else) could set it up where let's say it would cost $1 to enter your guess and then whoever is closest wins the pot. I have no idea as to internet/legal issues associated with it SO SAVE YOUR COMMENTS PERTAINING TO THE LEGAL SIDE OF MY TOTALLY OFF-THE-WALL IDEA. You hear a lot about internet gambling, which I assume this a a direct form of, all the time. Yes I am also bored at this particular moment too! Thanks!
Well Looking at some of the other lengths in which it took to make a decision, I'm gonna go ahead amd estimate ~250 days or say Memorial Day weekend.
AUNTIE EM! AUNTIE EM!
WHERE'S THE MERGER?!?! WHERE'S THE MERGER!?!?!
Well Comcast was a monopoly at the time no wonder they waited that long. When it came to high speed internet you had only 1 option in the Philadelphia Area. Now of course their are more. TV at the time was almost as bad but Verizon has since came in and showed their quality product is a competitor. The Sirius/XM deal I do not believe is the same thing.
Ryan,
Out of those examples you listed (And the days it took) how many were approved?
Hmmmm
Here is hoping for NO MERGER :-)
Agreed.
Wind the clock.. give it a good winding.. and oil the cogs...
What's the hurry?
They should take as long as they need to see that this is the right thing...hopefully they'll make an unbiased, sober decision.
What's that, Mel? How much? Oh....I think we can see things your way....
sirius and xm aren't the threat to loser am and fm radio...microsoft,apple, and the phone companies are as ipods,blackberrys and other devices circumvent the regulation of the DOJ and FCC...Our companies need the merger and apparantly other "big interests" have a problem...If this merger is not approved,all the shareholders of xm and sirius should protest in DC...come on government...get it right for once!!!!
To emphasize one point- white- collar workers aren't on the timeclock system. This means that they can be made to work a 60- hour week under certain circumstances (like, say, a lingering recessionary job market). Their nominal schedule could still be 9- 5, but br/ they could work 8- 6, with occasional nights and weekends. That's just got to distort the productivity figures. Now, some of that is slack time, but that applies to blue- collar workers as well. /
This research focuses on vendor capabilities within the context of retail workforce management. Industry interest is expected to grow as Web- based solutions mature and leading retailers use technology- optimized workforces to improve store productivity and deliver a differentiated value proposition. (This research is only available to Gartner clients who subscribe to the Retail Industry Advisory Service).