FCC's McDowell Comments On Merger
US FCC's McDowell says market key to Sirius deal
Thu Mar 1, 2007 5:48pm ET, By Rachelle Younglai, (Reuters)
The proposed merger between Sirius Satellite Radio Inc. (SIRI.O:
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Research) depends "a lot" on how the market is defined, U.S. Federal Communications Commissioner Robert McDowell said on Thursday.
Sirius, which announced a proposal to buy XM Satellite about two weeks ago, must win approval from the Federal Communications Commission and the Justice Department's antitrust division.
So far, FCC Chairman Kevin Martin has said the deal faces a high hurdle because agency rules currently prohibit one company from holding the only two satellite radio licenses.
None of the five FCC commissioners has taken a position on whether they would vote to waive that condition...read more:
hereLabels: fcc, merger, sirius, xm
3/01/2007 05:56:00 PM
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