FCC Opens Up Comment Period On Liberty Media Control of SiriusXM
- Petitions to Deny Due: November 1, 2012
- Oppositions Due: November 13, 2012
- Replies Due: November 20, 2012
- Those wishing to comment can refer to DA 12-1569, IB Docket No. 12-282
With the comment period now open, we can see that the matter of de jure control will not likely get a final decision until at least December of 2012 at the earliest. While there will certainly be several passionate comments on the issue, there is nothing material that would hold the FCC back from Liberty Media being granted control. What that means is that the balance of the Liberty Media Preferred stake will not see conversion until that date as well, though the company did say they would convert within 60 days. Essentially it is likely that the preferred stake, and the rights that go with that stake will be in place until at least February of 2013.
Things are starting to get interesting – stay tuned!
Mel at the Liberty event with be a catalyst. I think they make nice with each other. They also pre-announce great sub numbers and increased guidance across the board. The stock is really getting interesting. Your thoughts on the Liberty event?
Spencer.. may want to edit your article to Feb 2013.. thanks for the updated info. Very much appreciated. May finally buy into premium svc.
Nice catch, thank you.
Spence,
With the timing laid out, the FCC won’t even start thinking about this until Thanksgiving, then its into December and the holidays. I suppose it could happen in December, but the FCC decision seems more likely a January event – unless for a change they actually move quickly on something, which would be somewhat unprecedented, at least when it comes to satellite radio. Of course nothing to stop Liberty from moving quicker than 60 days once they get the OK from the FCC, I’m just not expecting anything timely from the FCC. February might be optimistic for a Liberty takeover.