Source: FCC staffers indicate possible timetable - Orbitcast

Source: FCC staffers indicate possible timetable

| 56 Comments
Chairman Kevin MartinCounsel for XM Satellite Radio Holdings Inc. were instructed by FCC staffers to cancel any vacation plans for the period of mid-to-late July, according to Orbitcast sources. The information was provided to Orbitcast under the strict condition of anonymity.

While it's unclear as to specifics, this could be an indication of the timetable that the agency is planning for rendering a decision of the merger with Sirius Satellite Radio Inc.

XM's lead counsel for the merger is Latham & Watkins LLP, the second largest lawfirm by revenue in the United States.

56 Comments

Who cares? Dead money companies.

What's wrong with this statement displayed on this Orbitcast site?

"the strict condition of anonymity."

Ryan, did your source indicate if this was fro July 08 or July 09?

Just Kidding.....

My plans against the evil NAB are starting to Gel nicely. I see AC posting before me is already changing the spin to "it won't happen" to " if it does, it doesn't matter" ... Nice catch Plowboy if I may say so myself.

Yes the perspiration of Nab people is distinguished from others.... a cross between Pork and dirty money.... fear and trepidation...

Once the merger is complete, on to our next campaign..... royalty for artist.. that's worth 6 billion a year!

Once again, ORBITCAST SCOOPS the others! ... Nice work Ryan!

Ryan,

Did your source expand upon the potential reasons why the FCC would request counsel be available for those dates? I guess what I am wondering is why the FCC would care if counsel was available or not? The availability of XM or Sirius counsel doesn't seem to be pertinent to an actual vote by the FCC unless they plan on having even more meetings.

Good Job Ryan! You should be proud of yourself, and Orbitcast!

Yes, good job on the 'scoop;' however, I would rather not hear about things being imminent or just weeks away at this point. Unless the headline reads 'merger complete,' it just gives time for clowns (NAB, Kerry, State's AGs, Georgetown, etc--U know the list) to ramble and not only mess with the stock prices of both Siri & XMSR, but to possibly lengthen this out even further. Just paranoid at this point.

After close to 18 months of these Yo-Yo cock teasing announcements as to imminent action I'll rejoice when I finally see it. We've been screwed too many times.

2 flea-bitten media plays that have NEVER turned a profit in history...

Hey "AC" counsel would need to be available to close the deal. You don't think XM and Sirius can just shake hands and announce they are merged, do you? Lawyers will be working around the clock once the deal is approved to complete the deal. Assuming certain concessions are necessary, I would assume the FCC would require some paperwork on that as well.

Well Ryan does it again! And the Sheep follow! RUMOR CENTRAL IS BACK IN BUSINESS. Why would it take 2 weeks to render a decision? It takes 5 minutes to vote and staffers write the commishioners statements. I will be so glad when this merger passes and this site is history.

"You don't think XM and Sirius can just shake hands and announce they are merged, do you?"

No, of course they can't consummate the merger without legal work. But, the FCC has no involvement in that aspect of the proceedings.

"Assuming certain concessions are necessary, I would assume the FCC would require some paperwork on that as well."

This is more what I'm concerned with, that they are going to be continuing meetings and conceding more. That's, unfortunately, the only reason I could see THE FCC wanting counsel around.

I love this picture of Kevin Martin.

He can't even pick his nose well.

Someone I know called an arb play that should become very lucrative over the next three weeks. Want to pick up 17% over and above the deal.... swing into XMSR.

I think I look smart, like Ben Franklin.

My favorite Kevin Martin quotes.

While speaking to reporters, FCC Chairman Kevin Martin said that
the Commission plans to vote on the pending Sirius-XM merger in the
fourth quarter of 2007. Martin said the FCC is trying to meet its goal
of deciding on pending mergers within 180 days. "That's our target,"
said Martin.

Martin stated back in January that it was the agency's goal to come to
decision by the end of the first-quarter. He reiterated again stating,
"We're just at the beginning of March," he said. "So I wouldn't say
that we still can't get it done by the end of the first quarter."

When asked whether the FCC had waited for the Justice Department's
decision to issue its own ruling Martin told Radio Ink, “I wouldn't
say that the DOJ was slowing us down."

Martin said he expected the Federal Communications Commission to rule
after the Department of Justice makes its decision. "I still think
the commission will act on it after the Department of Justice acts,"
Martin added. "If there's a need for us to go forward, then we'll go
forward quickly after that."

FCC Chairman Kevin Martin announced that his agency expects to rule on the pending merger of the XM and Sirius satellite radio services by June 30.

After all of this, directly from the mouth of the chairman of the FCC, why would we get excited about a rumor provided "under the strict condition of anonymity." I assume a decision has to come some time though.

Well Ryan does it again! And the Sheep follow! RUMOR CENTRAL IS BACK IN BUSINESS. Why would it take 2 weeks to render a decision? It takes 5 minutes to vote and staffers write the commissioners statements. " I will be so glad when this merger passes and this site is history."

Buddy ..what are you smoking? ..... Scoops like this is why Orbitcast is the first word on satrad... with the merger, Orbitcast will only dominate the field as the technology proliferates.

PS... I spelled commissioners correctly for you.

Can't wait to see more of the last-minute filings continue to fly in. Comment period over months and months ago.....but look for the NAB talking points to come in fast and furious once they see this rumbling.

Skycube, Iphone streaming, MLB/NFL/Stern, music in 1 place.

We are almost there!!!

Finally. The long root canal is over.

You're moms box on XM.. I'm sad now :(

"Orbitcast will only dominate the field"

ha ha ha ha!!! ROTFLMAO.

This site sucks ass and limits itself to "All Things Satellite Radio". If Apple ( iPhone (3G) ) picks up the XM/SIRIUS app and the merge happens, this site will have to change it's tune and realize, like the FCC, that Sirius/XM will be much more than "Satellite Radio".

But, I think we all know that...

"I will be so glad when this merger passes and this site is history."

Do you think this site was started because of the merger? It was around long before that.

"I will be so glad when this merger passes and this site is history."

Do you think this site was started because of the merger? It was around long before that.

Another time line for the FCC to dodge... thanks a lot Ryan.

This is pure BS.

this site rules
sticks and stones

It appears with this news that people are selling and trading today assuming they have time to get in later and side-line sit.

This may/may not be a good strategy. I'm holding.

This just goes on and on, how much tax payer money has been wasted on this, good thing the government doesnt have to make real decisions.

ENOUGH with the BETWEEN THIS TIME AND THAT TIME....or HOPEFULLY BY THIS TIME...or......MERGER IMMINENT BULLSHIT!!

I am sick of these kind of reports, predictions and downright fucking LIES!

Seriously, ENOUGH.

This whole "SCOOP" smells fishy anyway. First of all, WHY would XM have to be "AVAILABLE" for a whole two week period for a DECISION? It doesn't make sense. The FCC just DECIDES. Unless of course this is about FURTHER concessions and spectrum demands....WHICH WOULD SUCK.

Or maybe it's just ANOTHER HEAD FAKE manipulation by the big boys to keep investors HOLDING and buying for alittle longer....so that another big firm like GS can "surprise" us with yet ANOTHER downgrade and make a killing.

I am SO DONE with ANY RUMORS, PREDICTIONS and "SCOOPS".

I'm with the majority of posters on this thread who ONLY want to hear ONE THING....THAT THE MERGER HAS BEEN APPROVED.

THATS IT. EVERYTHING ELSE IS JUST FUCKING BULLSHIT LIES AND MISDIRECTION.

The councel is needed to sign off on more concessions,you wait and see.This is going to go on and on and on.

fter all of this, directly from the mouth of the chairman of the FCC, why would we get excited about a rumor provided "under the strict condition of anonymity." I assume a decision has to come some time though.

LOL!! Like they say... Even a broken clock is correct twice a day...

But, don't throw away those pens and pencils boys and girls.. Cause' you are going to need them in a year or two to start writing the FCC again after the consolidation of SDARS becomes just like the "consolidation of Terrestrial Radio". Then when Mel files a petition on his BITCHES, and finishes them off.. Only then will they realize that they sold their "personal integrity" down the toilet for the hopes of a little reward for being one of Mel's BITCHES.

Then the whining and crying to the FCC will begin once again. HOW COULD YOU HAVE EVER EVEN CONSIDERED THE MERGER... WHY WEREN'T YOU LOOKING OUT FOR THE "PUBLICS INTEREST". And then of course the entire conspiracy theories about how Mel and Co. were obviously PAYING OFF the FCC Commissioners, because that is the only way that any FCC Commissioner could have EVER VOTED FOR THE MERGER.

LOL!!

Mark your calendars boys and girls.

PCSTEL

fter all of this, directly from the mouth of the chairman of the FCC, why would we get excited about a rumor provided "under the strict condition of anonymity." I assume a decision has to come some time though.

LOL!! Like they say... Even a broken clock is correct twice a day...

But, don't throw away those pens and pencils boys and girls.. Cause' you are going to need them in a year or two to start writing the FCC again after the consolidation of SDARS becomes just like the "consolidation of Terrestrial Radio". Then when Mel files a petition on his BITCHES, and finishes them off.. Only then will they realize that they sold their "personal integrity" down the toilet for the hopes of a little reward for being one of Mel's BITCHES.

Then the whining and crying to the FCC will begin once again. HOW COULD YOU HAVE EVER EVEN CONSIDERED THE MERGER... WHY WEREN'T YOU LOOKING OUT FOR THE "PUBLICS INTEREST". And then of course the entire conspiracy theories about how Mel and Co. were obviously PAYING OFF the FCC Commissioners, because that is the only way that any FCC Commissioner could have EVER VOTED FOR THE MERGER.

LOL!!

Mark your calendars boys and girls.

PCSTEL

Yea....Right! You will know a day or so before simply by watching the trading activity. I promise you, the guys on ws will have the word before you, and I.

I promise you, the guys on ws will have the word before you, and I.

Look at the stock price. I think they already know!! Do you??

PCSTEL

My guess is that it is a sign of things to come.

Or it could be a blank-shot.

I think and have thought for the better part of this past year that this will pass.. I thought that it would be passed by now but the rumor is by the end of July 2008 (this year?) wow.. well we'll see.. I'm torn between wanting it and wishing it were never tried.. but here we are counting down to the two (2) year anniversary of the announcement.. that seems unbelievable that this could take that long.. it is easier to assume (wink) that it's easier to count down to the two year mark rather than count up to the infinity mark.. will this pass.. will they vote?? will one of the commissioners croak and this have to start all over again?? this is a nice soap isn't it guys... pass the duck butter..

Dear Mr. Saghir,

My legal assistant advised me that this information was posted on your website. While I applaud your investigative work, I find it necessary to correct you on an issue.

While the FCC is hopeful that circumstances allow for the merger of Sirius and XM Satellite radio, and work towards those ends, I have not yet been given permission to proceed with this merger by The Honorable Senator Kerry, David K. Rehr, of the National Association of Broadcasters, or Chester Davenport of Georgetown Partners, to whom I am beholden.

Upon receiving their signed approvals we will proceed with our meeting and discussion regarding the public interest of this merger.

Sincerely,

Kevin J. Martin

Oh My!

Martin is the best example as to what is wrong with Government.
And i bet he knows nothing as to how things work or he would never have gone along with HD. The same goes for HD TV it is not being done the best way. Just try Digital TV in a Car it does not work the digital system they picked is bad.
The FCC stinks and has for many years.

NO! to Melvin Alan "Mel" Karmazin's "merge" MONOPOLY scheme

wtf?

What a stupid looking faggot.

As an investor, My question to all other investors that have lost their ass ( no swing traders alowed here) do we not have enough evidence for a class action lawsuit agains
the NAB for interference and the Fcc for incompetance. They are responsable for over 3 bln in market cap loss since nov 07? That is just sirius BS

NO! to Melvin Alan "Mel" Karmazin's PUD merging with my mouth MONOPOLY scheme (that's how I breath)!!! He can monopolize my other “outlet” all he wants!!!

As an investor, My question to all other investors that have lost their ass ( no swing traders alowed here) do we not have enough evidence for a class action lawsuit agains
the NAB for interference and the Fcc for incompetance. They are responsable for over 3 bln in market cap loss since nov 07?

LOL!! Just as predicted. It isn't prescience folks... just experience.

Just more, Lousy investors that made lousy investments that have been demanding a government bailout for their stupid risky investment decisions. But, of course.. Instead of pointing the finger of blame back onto themselves. They now dash around the room looking for someone or something to pin the blame on.

The only person responsible for you losing your arse IS YOU.

When you bought the stock, was there a rule that limited the two companies ability to merge into one?? Of course there was.

Now here's the $1000 dollar question.. Did you actually take any time to research exactly how long it typically takes the FCC to rule on a change in rules via an NPRM?? Did you??

Because it's not 180 days.. It's not even 360 days. As a matter of fact.. The average time it takes the FCC to rule on a petition for a rule change is over 700 days.. That's right folks.. 700 days.

And before you get confused here.. This is exactly what you are waiting on a vote for right now. And that is, IF THE FCC WILL CHANGE THE RULE.

Now maybe your management filled you will all kinds of false hopes and false concepts regarding WHEN THEY THOUGHT THE FCC WOULD RULE. They knew the average time required to rule on a NPRM.. But, they kept up the facade of this transaction being simply "just another merger". Well, folks.. As you learned... It is not "just another merger". It's really a Rules Change Petition that will lead to a merger.

So I am sorry that you didn't take a couple of minutes and actually do a little research regarding the NPRM process at the FCC.

Good Luck on your Class Action Lawsuit. The only person you have to be angry at... Is yourself for being so willing to throw away good money on a popsicle stand, without doing even a little basic research as to what the actual timetables were.

Next time... Maybe you should invest a little time into just a few minutes of Research.

Just another one of MEL'S BITCHES that is getting his just rewards for being one of his Lacques

And so it goes,
PCSTEL

YO Pcstel !
Three Times Kevin Martin has said It will be decided on by such and such date. Clue #1 He is a liar and also falsly mislead investors. Say a guy didn't believe him the first time and invested a year or so down the road from when he said the decision would be made, a guy might feel fairly safe that it would be decided either way. I do belive that Kevin did not mean to mislead investors but istead did not have a choice because of the heavy lobying from the NAB. The NAB funded other organisations and spent millions of dollars lobbing to stop or delay this long enough to hurt there competition, hence investors. The investors should be compensated. Bottom line, all this can and should be proven so it will not happen again.
. signed down 20k

and that's what dreams are made of..... shame on you Ryan for stirring the satradio fanboy pot with bad information....

NO! to Melvin Alan "Mel" Karmazin's "merge" MONOPOLY scheme.

Three Times Kevin Martin has said It will be decided on by such and such date. Clue #1 He is a liar and also falsly mislead investors.

Well, I believe you are attempting to spin Commissioner Martin's reported statements into something they were not.

I believe you will find that all comments did not give a definitive drop dead date. He simply indicated his opinion on a possible timetable for a decision.

Do you understand that the FCC has absolutely no fiduciary duty to the shareholders of these companies.

Maybe you can find some solace about the countless numbers of times that your management has promised profitability and UFCF positive for these companies by a specific date.

Time to grow up and take personal responsibility for your own failed investment decisions.

And so it goes,
PCSTEL

"Time to grow up and take personal responsibility for your own failed investment decisions"

I would love to but but the DOJ and the FCC put us at a disadvantage because they do not serve the people, they work for special interest groups and big co.

you F$#king Pu$$y

Is Kevin Martin sitting in front of a flooded city?

HILARIOUS!!!

I would love to but but the DOJ and the FCC put us at a disadvantage because they do not serve the people, they work for special interest groups and big co.

you F$#king Pu$$y

Posted by: Anonymous Coward

LOL!! That's great.. "Anonymous Coward" calling someone a F$#king Pu$$y.

So many BITTER, BITTER Bagholderz™ around here.

Again, let me help you out here. The FCC didn't put you in any disadvantage. You need to revisit the average timeline that it takes the FCC to rule on a NPRM. About 700 days.

I am truly sorry if you didn't take the time to do a little research before you invested.

I believe you have "serving the public confused with "serving the Special Interests of Satellite Radio Shareholders Groups."

You seem to have convinced yourself that Your Own Special Interests, are also those of the Public at large. You are however, incorrect in your hypothesis.

And so it goes,
PCSTEL

WOW, here we are again...No answer..Funny they get a letter from Jesse Jackson who jusst talked about cutting off obama's balls...Great guy..This commission and it boss all need to be fired...It sure looks funny...could it be money, or favors..I notice the stock went up today..could be something we don't know at this point...

WOW, here we are again...No answer..Funny they get a letter from Jesse Jackson who jusst talked about cutting off obama's balls...Great guy..This commission and it boss all need to be fired...It sure looks funny...could it be money, or favors..I notice the stock went up today..could be something we don't know at this point...

PCSTEL I can see someone being a part of this site becase they are investors but why are you here.You speak down to other investors, hiding behind your keyboard.Thats why I called you what I did.

Pu$$y

from r&r today note the comments at the very end made by one of the lawyers

Asked by R&R for his response to the PK/MAP letter, an attorney familiar with the satcasters' side of the merger proposal noted that there have been many filings against the proposed merger from a variety of interest groups that have some problems with the proposal.


Pressed about a Thursday-morning report in a trade publication that said FCC chairman Kevin Martin's staff had told XM lawyers to cancel mid- to late-July vacations to be ready for final merger discussions, the lawyer called the report "silly," adding with a laugh, "I wish I were that important." While the merger decision appears to have dragged on for an eternity at the FCC, the lawyer appeared unfazed by it all and said it's business as usual.