AAPL Stock: 118.65 ( + 0.35 )

Printed from

Sirius and XM delay meetings, awaiting FCC approval

updated 04:30 pm EDT, Wed April 30, 2008

Sirius, XM await FCC OK

Both Sirius and XM satellite radio providers decided to postpone their respective shareholder meetings as they await the FCC's approval of their merger. XM had a shareholder meeting scheduled for May 23, with Sirius execs assembling on May 20, suggesting the two don't expect the matter to be resolved at least until the end of next month. The FCC is reviewing concerns that analysts believe include "public interest" issues such as pricing of the service, which would effectively have no competition on the satellite radio market.

Last month's approval from the Justice Department antitrust division saw the deal come closer to fruition. Since then, the final ruling left to the FCC was made more complex as state attorneys general from Connecticut, Maryland, Ohio and Washington wrote to the FCC, urging it to consider adding conditions to the deal that would allow new satellite radio providers to enter the market and ensure hardware manufacturers for the existing service are likewise free to compete.

Analysts believe the FCC will make a ruling, with conditions, sometime in June or perhaps late in May. [via The Washington Post]

by MacNN Staff



  1. chotty

    Joined: Dec 1969



    'More like the Lobbies of Clear Channel, NAB and (the dying) terrestrial radio owners buying politicians. This is INSANE!! - Exxon/Mobil merger took NO TIME. Satellite has PLENTY of competition! D.C. is a madhouse.

Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented