Thursday, January 18, 2007

FCC Chair says Sat Radio Services can't merge

F.C.C. Chairman Says Rules Bar Satellite Radio Merger - New York Times: "The chairman of the Federal Communications Commission, Kevin Martin, said yesterday that the two satellite radio companies, Sirius Satellite Radio and XM Satellite Radio Holdings, would not win approval of a merger under current regulatory rules.

A ban on a single owner for both satellite services was written into the regulations that authorized the two nationwide licenses, Mr. Martin said after an F.C.C. meeting."

So if you were waiting for that, forget about it.

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