Deciding vote on Sirius XM leans in favor of deal
updated 04:35 pm EDT, Thu July 17, 2008
FCC Leans To Sirius XM
A crucial voter in the long-delayed Sirius/XM merger vote is leaning in favor of approving the deal, says the AP. FCC Commissioner and Democrat Party member Jonathan Adelstein says he would vote in favor of the deal as long as the unified satellite radio entity would agree to a six-year cap on subscription rates as well as devoting a full 25 percent of all channels to public or minority-focused stations.
Top executives from either firm have yet to respond to these requests and so far have proposed only ligher concessions, including setting aside just eight percent of the channels and no definite timetable for any potential price freeze.
An Adelstein vote is essential to the fate of the merger, which would leave just one satellite radio provider in the US and has earned stiff opposition from both two other FCC Commissioners as well as the National Association of Broadcasting, which represents terrestrial radio and contends a Sirius/XM deal would constitute a monopoly rather than simply another competitor in radio.
Fresh-Faced Recruit
Joined: Nov 1999
Fascist
Gotta love this, some guy decides what the market "wants", laying claim to 25% of the company's assets for purposes he thinks are correct. If democrat Adelstein is so concerned about public and minority stations, then why doesn't he raise the multiple billions of dollars and launch his own company?
For you Obama fans, this is just a small sample of what you're in favor of. Sounds great, until they set their fascist sights on you and your own endeavors and decides that 25% of your efforts should be on they decide is important.