Results 1 to 10 of 17

Thread: Headline: Possible deciding vote will support with tougher conditions

Hybrid View

  1. #1
    zcurzan is offline
    Senior Member
    zcurzan's Avatar
    Joined: Jun 2008 Posts: 404

    Headline: Possible deciding vote will support with tougher conditions

    Possible deciding vote on $3.1 billion merger between satellite radio companies says he will support approval if the companies agree to tougher conditions

    http://www.washingtontimes.com/news/...0-11-12-13-14/

    ---

    Unless Tate had a sex change or Copps had an epiphany we are talking about Adelstein. I wonder what kind of tougher conditions he is after?

  2. #2
    zcurzan is offline
    Senior Member
    zcurzan's Avatar
    Joined: Jun 2008 Posts: 404
    WASHINGTON (AP) -- The potential deciding vote in the U.S. government's review of the $3.1 billion merger between satellite radio companies tells The Associated Press he will vote in favor of the deal if the companies agree to tougher conditions.

    So far, two of the five members of the Federal Communications Commission have voted to approve Sirius Satellite Radio Inc.'s buyout of rival XM Satellite Radio Holdings Inc. That is one vote shy of a majority.

    FCC commissioner Jonathan Adelstein, a Democrat, wants the companies to cap prices for six years and make one quarter of their satellite capacity available for public interest and minority programming, among other conditions.

    If the executives agree, Adelstein told the AP that he will be in favor of the deal.
    http://news.wired.com/dynamic/storie...06-16-07-24-43

  3. #3
    zcurzan is offline
    Senior Member
    zcurzan's Avatar
    Joined: Jun 2008 Posts: 404
    When you "cap" a price I wonder how that is determined, on a "pre channel" basis? What if you introduce new types of packages, what kind of requirement are they subject to? Six years seems kind of extreme. A lot can change in an economy and in an industry in six years. You are really handicapping the company.

    What are the thoughts on the 25 percent set aside? You only get lease revenue from the portion given to the minority programming, not for the public interest right? Will that cripple the company? Or is it something they can manage?

    Final question? Does this shed any light on where Tate might be? To me it seems like we've set the worst case scenario for Tate's requirements, she certainly would never demand more than Adelstein, a democrat. Maybe this is an opportunity for her to disagree with Adelstein, and pass with less requirements like her fellow Republicans.

  4. #4
    voogru is offline
    Member
    voogru's Avatar
    Joined: Jun 2008 Posts: 73
    This is might as well be a "no" vote.

    Can't change prices for SIX years (2014!!!), and give up 25% of the spectrum to entities that will broadcast free radio and probably compete with Sirius on their own system, which will further hurt the viability of the merger.

    At least he doesn't want them to include HD Radio.

  5. #5
    zcurzan is offline
    Senior Member
    zcurzan's Avatar
    Joined: Jun 2008 Posts: 404
    Quote Originally Posted by voogru View Post
    This is might as well be a "no" vote.
    Does this provide any evidence as to whether Tate has voted yet or not? This could be his way of rejecting the proposal within that ten day window.

  6. #6
    deewcom is offline
    Enthusiast
    deewcom's Avatar
    Joined: Jul 2008 Posts: 166

    25 Percent Seems Excessive

    25 percent is excessive even in its most favorable intepretation, ie: That the company maintains control of that 25 percent. Its least favorable manifestation (whereby the NAB gets would get its hooks in that 25 percent) sounds particularly crappy. I hope that Adelstein is open to compromise. Perhaps 10 percent without NAB hijacking for its own profit motives is something both sides can live with.

  7. #7
    zcurzan is offline
    Senior Member
    zcurzan's Avatar
    Joined: Jun 2008 Posts: 404
    Here's hoping Tate makes it a moot point in the near future.


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •