FCC approves Liberty media control of Sirius XM licenses
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FCC approves Liberty media control of Sirius XM licenses
I searched but could not find confirmation of the FCC decision. Does anyone have a source of that reported news? Also, what possibly could be the reaction on SIRI investors if this is true?
FCC site doc DA 12 - 2067
Found it... Here it is... Read NOW!!!!!
http://fjallfoss.fcc.gov/edocs_public/attachmatch/DA-12-2067A1.doc
III. CONCLUSION
1. Upon review of the Application and the record in the proceeding, we conclude that consent to the proposed transfer of control is in the public interest.
IV. Ordering Clauses
2. Accordingly, IT IS ORDERED that, pursuant to sections 154(i) and (j), 309, and 310(d) of the Communications Act of 1934, as amended, 47 U.S.C. §§ 154(i), 154(j), 309, 310(d), and Section 25.119(d) of the Commission’s rules, 47 C.F.R. §25.119(d), the Applications for the transfer of control of earth and space station licenses set forth in the Appendix are granted.[1]
[1] The experimental and wireless licenses identified in the Appendix will be addressed by contemporaneous action of the Office of Engineering and Technology and the Wireless Bureau.
IV. ORDERING CLAUSES
11. Accordingly, IT IS ORDERED that, pursuant to sections 154(i) and (j), 309, and 310(d) of the Communications Act of 1934, as amended, 47 U.S.C. §§ 154(i), 154(j), 309, 310(d), and Section 25.119(d) of the Commission’s rules, 47 C.F.R. §25.119(d), the Applications for the transfer of control of earth and space station licenses set forth in the Appendix are granted.
Federal Communications Commission
Do we have an echo in here?:confused:
I just got in at 3.08 after getting the link!!!
Thanks!
Still no volume action.............does that mean the MMs are trying to figure out how to play it.......... or might it have been predetermined that something is going to happen in spite of or without regard to what the MMs think?
Hi SLY-
Doesn't matter how we feel...matters how the MM will play it but for the record it is a good thing and removes more uncertainty..IMO
EDIT2: May put LMCA back in the SIRI market to get over the 50 to the 53 area to take into account the convertibles....
EDIT3: They said they would not go over 50 until FCC approval....
I was too...but I think Liberty will move quickly and that means buy backs...of course they prob have a forward contract for shares....I've done well on siri and don't mind a 10-20 cent hit on paper if it pulls back. lord knows I endured more than that a few years ago ha!....I was totally out FOMO kicked in