Multiple ex parte filer and shareholder Michael Hartlieb has filed suit with the Federal Court regarding interoperability despite the fact that the FCC’s enforcement division has already ruled on the matter. [ FCC Filing ]
The National Association of Broadcasters has issued a statement regarding the news reports that the FCC will approve the merger by a 3-2 vote. Once again, the NAB has chosen Executive Vice President David Wharton to be the spokesman, which leads to the question why Rehr is in the back (pun intended). This publication pointed… → Read More
In what could only be called a surprise move at this point of the process, Congressman Charles Gonzales, (D- TX), Congresswoman Hilda Solis(D- CA). , Congressman Bobby Rush (D- IL) & Congressman Ed Towns (D-NY) applaud the efforts made by Sirius and XM and support the offer made by the companies. Didn’t see that coming, did you? In a… → Read More
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Finally, we have heard news of Commissioner Tate’s position following a temper tantrum by Commissioner Adelstein. There was a lot of news today as it seemed Adelstein set out to destroy Xm and Sirius stock when he made his vote public and reversed his position. Adelstein had cited a hope for bipartisanship stating: “I was hoping to forge a bipartisan solution… → Read More
The Washington Post is quoting an FCC source that the conclusion may come today. “The agency is expected to approve the merger and a decision could come as early as today on the XM-Sirius merger, according to an official at the FCC. The source, who spoke on the condition of anonymity because merger review is… → Read More
According to the Wall Street Journal, FCC commissioner Tate is set to approve the proposed merger of Sirius and XM with a fine of $20 Million fine that is said to resolve several enforcement issues surrounding satellite radio. Should this news be accurate, the satellite radio companies now have the green light to move forward… → Read More
Adelstein released a statement Wednesday. “I was hoping to forge a bipartisan solution that would offer consumers more diversity in programming, better price protection, expanded choices among innovative devices and real competition with digital radio,” it read. “Instead, it appears they’re going to get a monopoly with window dressing. We really missed a great opportunity… → Read More
Be careful what you you wish for, you just might get it. Everyone waits in anticipation of Commissioner Tate’s decision. Speculation runs rampant. Traders want a decision to cash out on the expected rise in the stock price. Arbitrage players wait to cash in on the spread. But what about the investors? People like myself… → Read More
FCC Commissioner has withdrawn his original merger proposal offer from the table and cast a no vote on the deal. This leaves the decision on the shoulders of commissioner Tate, who will perhaps cast her deciding vote in very short order. In a statement Adelstein said, “”I was hoping to forge a bipartisan solution that… → Read More
Pioneer has been very vocal in their position with one particular “concession” that has been a frequent subject of the proposed merger between Sirius and XM. The audio equipment manufacturer believes that there should be no requirement to install HD radio chipsets in all SDARS receivers. Pioneer met with the democrat commissioners (Copps and Adelstein)… → Read More