FCC nears decision on XM-Sirius merger
updated 12:30 pm EDT, Fri March 21, 2008
XM-Sirius decision nears
The FCC is indeed moving closer to a decision on the merger of Sirius and XM Radio, according to the group's chairman. Kevin Murphy is cited by Reuters as saying that draft documents are being put together, which will outline the choices the FCC can make on particular details of the merger. "I have asked the staff, after we've gotten all the final information that we needed, to be doing drafts, and when there were issues outstanding to do a range of options for us," he states.
Murphy denies industry rumors, however, that a decision has effectively been made, and comments that he has yet to determine whether he will back a merger approval. The FCC as a whole may not make a decision until the Department of Justice makes an antitrust ruling, addressing monopoly concerns.
