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Thread: Dow Jones Headlines 8:30 AM

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  1. #1
    zcurzan is offline
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    Dow Jones Headlines 8:30 AM

    Latest News Headlines for Sirius Satellite Radio Inc

    XM, SIRIUS Expect Decree To Include Comprehensive Compliance Plans

    XM, SIRIUS Hope To Enter Consent Decree With FCC Terminating Inquiries

    XM And SIRIUS Confirm Discussions To Settle FCC Enforcement Matters

    XM, SIRIUS Expect Decree To Include XM Shut Down Of 50 Variant Terrestrial Repeaters

    XM, SIRIUS Decree To Include Sirius Compliance, Shut Down Of Up To 11 Variant Terrestrial Repeaters

    XM, SIRIUS Decree Includes Voluntary Treasury Contribution Of $17M From XM

    XM, SIRIUS Decree Includes Voluntary Treasury Contribution Of $2M From Sirius
    As expected Mel is wasting no time. I would look for this to be wrapped up today!
    Last edited by zcurzan; 07-24-2008 at 08:38 AM.

  2. #2
    zcurzan is offline
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    If multiple DJ headlines aren't your thing, here's a PR:

    WASHINGTON and NEW YORK, July 24 /PRNewswire-FirstCall/ -- XM Satellite Radio Holdings Inc. (Nasdaq: XMSR) and SIRIUS Satellite Radio (Nasdaq: SIRI) today confirmed that the companies are in discussions with the Enforcement Bureau of the Federal Communications Commission to settle outstanding enforcement matters.

    As previously disclosed by the companies, in 2006, the FCC commenced investigations regarding the compliance of certain radios that include FM transmitters with the Commission’s rules, and the compliance of certain terrestrial repeaters with the special temporary authority granted by the Commission. The companies hope to enter into a Consent Decree with the Federal Communications Commission terminating these inquiries.

    As part of a possible Consent Decree, the companies expect to agree, among other things, to:

    -- adopt comprehensive compliance plans, and take steps to address any potentially non-compliant radios remaining in the hands of consumers;

    -- in the case of XM, within 60 days of the order adopting the Consent Decree, shut down 50 variant terrestrial repeaters, and shut down or bring into compliance an additional 50 variant terrestrial repeaters;

    -- in the case of SIRIUS, bring into compliance or shut down up to 11 variant terrestrial repeaters within 60 days of the order adopting the Consent Decree. These terrestrial repeaters were shut off by SIRIUS in October 2006; and

    -- make a voluntary contributions to the United States Treasury of approximately $17 million in the case of XM, and approximately $2 million in the case of SIRIUS.

    There can be no assurances regarding the ultimate outcome of these enforcement proceedings, including whether the FCC will approve Consent Decrees under discussion with the companies.
    http://money.cnn.com/news/newsfeeds/...___NYTH051.htm
    Last edited by zcurzan; 07-24-2008 at 09:00 AM.

  3. #3
    zcurzan is offline
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    adopt comprehensive compliance plans, and take steps to address any potentially non-compliant radios remaining in the hands of consumers
    I would assume they are referring to non-compliant regarding FM transmitters, and not interoperability. Otherwise that would be a very interesting!

  4. #4
    voogru is offline
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    2 million in the case of Sirius.

    DROP IN THE BUCKET.

    Victory Dance!

    Last edited by voogru; 07-24-2008 at 09:04 AM.

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