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07-23-2008, 01:42 PM
|  | Welcome to SatelliteGuys! | | Proud Staff Member Join Date: Sep 7th, 2003 Location: Central Connecticut
Posts: 38,456
| | | XM/SIRIUS Merger Vote Now TIED XM/SIRIUS Merger Vote Now TIED
It's come down this the wire, and there is only one vote left. Will the merger between XM and Sirius be approved or not?
For more details and Scott's thoughts on the merger please CLICK HERE. UPDATE: FCC looking for $20M in fines and other concessions in "tentative deal". For more CLICK HERE.
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Last edited by Jason Crandall; 07-23-2008 at 04:45 PM.
Reason: update
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07-23-2008, 07:26 PM
|  | Gaming Guru & Pub Member | | Supporting Founder Join Date: Sep 8th, 2003 Location: Birmingham, AL
Posts: 2,109
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Orbitcast.com has a Wall Street Journal article up stating that Tate is going to approve the merger. Report: Tate to approve Sirius-XM with $20M fine - Orbitcast.com
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07-24-2008, 12:44 PM
|  | SatelliteGuys God | | Join Date: Nov 2nd, 2006 Location: Believeland, Ohio
Posts: 11,932
| | Quote:
Originally Posted by mwgiii | I heard the same thing. (Isn't this a done deal, Scott?)..... EW YORK (Reuters) - Commissioners at the Federal Communications Commission have reached an agreement to approve Sirius Satellite Radio Inc's purchase of XM Satellite Radio Holdings Inc, the Wall Street Journal reported on Thursday. Republican commissioner Deborah Taylor Tate agreed to cast a tie-breaking vote in favor of the deal after winning several concessions from the companies involving enforcement issues.
"I think it's fair to say an agreement in principle has been reached," FCC Chairman Kevin Martin was quoted by the Journal as saying.
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07-24-2008, 02:13 PM
|  | Life is funny lets laugh | | Pub Member / Supporter Join Date: Mar 20th, 2008 Location: San Francisco
Posts: 1,181
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Yeah the FCC has reached a deal!!! Can you say PAYOLA Can we say blackmail---Can we say $20 Million Dollars in FCC fines---Can we say rate increase to cover these fines
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07-24-2008, 02:15 PM
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Topic Starter
| | Proud Staff Member Join Date: Sep 7th, 2003 Location: Central Connecticut
Posts: 38,456
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Her vote is NOT in yet, so its not officially done.
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07-24-2008, 02:22 PM
|  | Supporting Founder | | Supporting Founder Join Date: Sep 9th, 2003
Posts: 6,709
| | Quote:
Originally Posted by HD MM I heard the same thing. (Isn't this a done deal, Scott?)..... EW YORK (Reuters) - Commissioners at the Federal Communications Commission have reached an agreement to approve Sirius Satellite Radio Inc's purchase of XM Satellite Radio Holdings Inc, the Wall Street Journal reported on Thursday. Republican commissioner Deborah Taylor Tate agreed to cast a tie-breaking vote in favor of the deal after winning several concessions from the companies involving enforcement issues.
"I think it's fair to say an agreement in principle has been reached," FCC Chairman Kevin Martin was quoted by the Journal as saying. | Scott amended his post before people questioned it.
to be honest it was 'tied' only in a technical sense. Commissioner Adelstein voted no only after he had reasonable assurance that Commissioner Tate would vote Yes. It was more of a protest vote than anything else.
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07-25-2008, 08:20 PM
|  | SatelliteGuys Freshman | | Join Date: Feb 11th, 2007
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Fox News is reporting that the FCC has approved the merger!!  | | Thread Tools | Search this Thread | | | | | Display Modes | Linear Mode |
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