Miller
05-23-2008, 11:18 AM
I got this as a news alert. How long can this crap go on?
By Fawn Johnson
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--Federal Communications Commission Chairman Kevin Martin said Friday the commission could rule on the proposed merger between XM Satellite Radio Holdings Inc. (XMSR) and Sirius Satellite Radio Inc. (SIRI) before June 30.
"I still think the commission could act by the end of the second quarter," Martin said at a press conference.
Earlier this year, Martin had asked his staff to compile a report on the various conditions the FCC could impose on the proposed merger. On Friday, Martin said the staff has done what he asked, but he declined to comment on their recommendations but said the proposal hasn't been circulated to the four other commissioners, Martin said.
The FCC won't consider the merger proposal at its June 12 meeting, Martin said, meaning the ruling could be delayed until July unless the commissioners agree to vote on the merger proposal before then without a public meeting.
The Justice Department cleared the merger proposal with no conditions in March.
-By Fawn Johnson, Dow Jones Newswires; 202-862-9263; fawn.johnson@dowjones.com
By Fawn Johnson
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--Federal Communications Commission Chairman Kevin Martin said Friday the commission could rule on the proposed merger between XM Satellite Radio Holdings Inc. (XMSR) and Sirius Satellite Radio Inc. (SIRI) before June 30.
"I still think the commission could act by the end of the second quarter," Martin said at a press conference.
Earlier this year, Martin had asked his staff to compile a report on the various conditions the FCC could impose on the proposed merger. On Friday, Martin said the staff has done what he asked, but he declined to comment on their recommendations but said the proposal hasn't been circulated to the four other commissioners, Martin said.
The FCC won't consider the merger proposal at its June 12 meeting, Martin said, meaning the ruling could be delayed until July unless the commissioners agree to vote on the merger proposal before then without a public meeting.
The Justice Department cleared the merger proposal with no conditions in March.
-By Fawn Johnson, Dow Jones Newswires; 202-862-9263; fawn.johnson@dowjones.com