FCC’s Kevin Martin Resigns

With a new administration getting ready to make their own mark on Washington, the resignation of certain positions goes without saying. However, because Kevin Martin was such an integral figure over the past 2 years for investors in Sirius XM Radio, we thought readers would want to know.
Kevin Martin’s resignation was delivered today, and will be effective on January 20th. Martin first plan of action is joining The Aspen Institute, a nonpartisan think tank in Washington, D.C. He will be a Senior Fellow.
It has been rumored that President-elect Barack Obama will nominate Julius Genachowski, who was Obama’s Technology Advisor, to head up the FCC. Other possible names that have been rumored include analyst Blaire Levin, a name that should be familiar to satellite radio investors.
Martin’s letter of resignation was delivered to President Bush and stated, “During this period, we have seen a telecommunications industry undergoing rapid and unprecedented change. As a result of the market-oriented and consumer focused policies we have pursued the American people are now reaping the rewards of convergence and the broadband revolution including new and more innovative technologies and services at ever-declining prices.”
Position – Long Sirius XM







Good Riddance!
I hope he rots for doing Sirius – XM like he did dragging this crap for an extra 8 months, spineless loser.
Now he can sit on his tank and think about it for a long long time.
At least Copps or Adelstein won’t be in charge.
So this gutless, spineless waste of time is going to a “Think Tank?” That’s just terrific – his inability to think is what has pretty much “tanked” satellite radio!
I hope he’s proud for being a major contributor to the destruction of an entire industry. Like our soon to be former Commander and Chief, his actions – and inaction – can only be described as unconscionable!
Don’t let the door hit you on the way out! Hopefully J. Jackson has his limo waiting for you along with the many IOU’s you’ve built up over the years. A complete waste of taxpayer dollars.
You know eith this guy takes groth hormone or is really a young guy based on his photo-Is he one of Bushs distance relative?
this jackass should of been gone along time ago along the coops and adelstein
At this point I don’t know if I should be pissed at him for stalling and approving the merger, or pissed at him for stalling and then not the denying the merger.
imho
vaporgold
What no mention of the great job he did on the Sirius Xm Merger.
No, no mention of the great job. You and he colluded to push this merger on for another 8 months. 8 months of which could have realized synergies and gotten better financing to close the deal.
I wish you and Martin would jump off a cliff together.
Newman………
That is too funny. Nice….