FCC chief supports satellite radio merger
The chief of the Federal Communications Commission is recommending approval of a proposed merger of the nation's two satellite radio broadcasters.
FCC Chairman Kevin Martin recommended Sunday approving the $3.8 billion deal between Sirius Satellite Radio Inc.'s and rival XM Satellite Radio Holdings Inc. He did so after receiving concessions, including turning 24 channels over to noncommercial and minority programming. A final vote that could occur after Martin's recommendation is shared with fellow commissioners.
The provision on noncommercial and minority programming along with several others -- including a three-year price freeze for customers -- persuaded Martin to support Sirius’ buyout of XM. The deal would affect millions of subscribers who pay to hear ad-free music, news, sports and talk programming.
Read more here.
FCC Chairman Kevin Martin recommended Sunday approving the $3.8 billion deal between Sirius Satellite Radio Inc.'s and rival XM Satellite Radio Holdings Inc. He did so after receiving concessions, including turning 24 channels over to noncommercial and minority programming. A final vote that could occur after Martin's recommendation is shared with fellow commissioners.
The provision on noncommercial and minority programming along with several others -- including a three-year price freeze for customers -- persuaded Martin to support Sirius’ buyout of XM. The deal would affect millions of subscribers who pay to hear ad-free music, news, sports and talk programming.
Read more here.

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