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.