Which side of the merger fight is "winning"?
Tags: 2, XM
There's an interesting article in Seeking Alpha today by M&A Researcher about the new pleading cycle involving the 1997 SDARS rule. But what really struck me was the comparison between the sheer number of FCC comments, versus the "weight" of other comments.
"The vast majority of analysts (professional and amateur) continually fail to accurately weigh the comments in terms of significance, instead falling into the trap of literally counting the supporter/opponent filings as if the FCC will do the same. While the FCC is surely aware of the tally, it is certainly much more interested in the nature of the comments, and more importantly, from whom the comments originate. It can not be stressed enough, even at this early stage, that the opponents involved so far have far more clout within the D.C. beltway than do the supporters. This too is subject to change in the coming months."
If you look at the FCC Comment Scorecard (courtesy of SiriusBuzz), you'll see how the "pro" comments are definitely outweighing the "anti" comments.
The point that M&A Researcher is trying to make (though they seem rather proud about it) is that the influence of the anti-merger camp outweighs the number of pro-merger comments.
Which, sadly, all goes back to politics. It's disgusting to think that pressure from politicians (who are only looking out for their
constituents campaign contributors) would outweigh the opinion of the majority. But hey, it's all in the name of the "public interest" isn't it?