The internet is abuzz with reports and opinions on the FCC Chairman's (unofficial) decision to support the merger between Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc.With any good news comes the bad news (or at least, the spin). And sometimes, it's all very hard to keep up with.
So here's a quick roundup of what is being discussed - the good, the bad and yes, the ugly - to help make sense of it all:
- DSLreports - "I guess the FCC didn't think much of the recent GAO report that slammed the agency for leaking news..."
- TheStreet - "...a final vote on the transaction could take place as soon as three weeks from now if certain conditions are met."
- MediaFile - "The question is, have the delays made the whole issue mute?"
- Silicon Alley Insider - "Consumer apathy plus increased competition are much harder to overcome than federal regulators."
- Gizmodo - '...there are a few caveats that the companies would need to accept--but it's all good news for the consumer."
- paidContent - "Justice Department antitrust officials signed off on the deal, but FCC officials disagree with the assessment that there's enough competition from the likes of online radio, iPods and other sources."
- Electronista - "...approval in as soon as three weeks and has received the early blessing of FCC chair Kevin Martin, who states that the union would be 'in the public interest' as long as the unified company continues to voluntarily abide by certain conditions."
- Engadget - "...all that's left now is to circulate Martin's recommendation for final vote from the FCC's four other commissioners -- a vote on a merger which, as strange as it seems, was expressly prohibited by the FCC when it licensed the satellite radio industry back in 1997."
- BloggingStocks - "The real question is whether the approval will come too late to save the companies."
- Gawker - "The fact that the story starts with 'EMBARGOED!' signals that the Journal's copy editors are stretched quite thin this summer weekend"
I'll always be pissed at this lacky. 453 days Kevin... 453 days.
Now the REAL games begin..... Plowboy predicts .... who wants to buy this new company for 18 Billion (6 bucks per share) they WILL be lining up in 1-3 months.
Congratulations Mel... very nice job doing the impossible. You're one tough old bird!
I believed in you. Now, can you get me my 180K back that I lost believing in you?
I'm in a little better shape, only down about 100k
Where's senator Browneye now ? Sucking on David's Rehr !
Haha Nab jerkoffs, Mr. no "merge" monopoly !!
Mel says "Suck on this"
So basically "more" of "nothing"...
Seems to me, Kevin Martin leaked his own approval just to get all those harrassing him off his back, basically an underhanded way to delay the deal even more and not get heat for it.
We see right thru you Kevin and your "unusual circumstances" as u say it.
"...a final vote on the transaction could take place as soon as three weeks from now if certain conditions are met."
That's a caveat I'm not quite liking, especially with the use of words like "could" and "if".
All this time to do basically NOTHING. Oh, I forgot....it cost me many thousand dollars...I guess that is something...
Here's a link to the NAB and David Rehr.... maybe you'd like to drop Dave-O a line thanking him for his support.
http://www.nab.org/AM/Template.cfm?Section=Contact_us&Template=/CM/GuestComments.cfm
BTW... Tip O' the Hat to the WSJ whose piece finally moved this turde'.
Cramer is a hack.... WSJ to the attack!
BACKSEAT VIDEO!!!!!!
We're past the question of whether the merger is good or bad. Let's just be happy there's a decision!!!
453 freakin' days later...
Still happy I sold my $6.60 XM stock at $40.
I hope this lag time until the FCC vote does not allow for special-interest-influenced members of Congress to get involved. I'm sure some idiot will propose a constitutional amendment banning sat radio.
HooHoo
just so happy we finally have a laxative for this blockage....
FRRRRRRRRRRRRRUNKUNS!
I'm not going to get too excited until I hear official word that it's been approved. LOL No sense in getting my hopes up quite yet.
Hoo Hoo Robin.... I invented mergers!
I had a dream last night that Sirius stock shot up to $3.94, but then it fell back down into the $2 range, and I was pissed off because I didn't sell. Well, just to be sure, I just put in a sell order at 3.94. That will get me out with a good profit, although it may take a long while to get there. true story.
Mario,
I had a dream that I ran for Congress and won a seat due to my stalling on the XM-Sirius merger. I must say, it felt wonderful to use my granted political power for my own selfish interests. Hey.... I even get a lifetime membership to the NAB for holding this deal back for an extra seven months!
Life is good in Washington!
Kevie
i see there is still the same worthless retards posting a bunch of nothing in this forum. except now maybe there will be less trashing of kevin martin and calling him every foul thing under the sun. shame on all you heathen. And good riddance to the biggest retard of all, "no MERGE monopoly" NAB Anonymous Coward!
"The question is, have the delays made the whole issue mute?"
The term is "moot", not "mute".
This is REAL GOOD! Either way, HD Radio has been excluded! Fuck iBiquity!
Ahhh bleearg, pls don't be so hard on the journalists- they try to be cute. Sat. radio may be MUTE if this doesn't happen soon.
Plowboy: Now the REAL games begin..... Plowboy predicts .... who wants to buy this new company for 18 Billion (6 bucks per share) they WILL be lining up in 1-3 months.
Posted by: Plowboy | June 16, 2008 10:24 AM
Congratulations Mel... very nice job doing the impossible. You're one tough old bird!
I believed in you. Now, can you get me my 180K back that I lost believing in you?
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Tough predictions, and a tough loss there Plowboy.
I don't believe Mel will sell in 3 months, he's got too much to lose if he sells that quick. I also don't believe companies will line up to buy them for 18B, but they will for 13. Time will tell.