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FCC head backs XM-Sirius satellite radio merger
Summary from multiple countries, from articles in English
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The long-running government review of the proposed merger of the nation's two satellite radio companies took an important step forward on Monday when the head of the Federal Communications Commission announced he would circulate a plan this week to approve the deal. (article 5)
The chairman of the Federal Communications Commission has recommended approval of the $5 billion merger of the nation's two satellite radio broadcasters in exchange for concessions that include devoting 24 channels to noncommercial and minority programming. (article 4)
That condition and others, including a three-year price freeze, persuaded the commission's chairman , Kevin J. Martin, to recommend on Sunday that Sirius Satellite Radio s buyout of XM Satellite Radio Holdings be approved. (article 4)
The deal would affect millions of subscribers who pay to hear music, news, sports and talk programming, largely without advertising. (article 4)
That sets the stage for a final vote that could occur any time after Martin's recommendation is circulated among his fellow commissioners. (article 1)
The companies also agreed to an "open radio" standard, meant to create competition among manufacturers of satellite radios, according to FCC officials who spoke on condition of anonymity because the agreement had not yet been made public. (article 2)
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Other summaries about this story:
Event tracking:
Story keywords
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merger, XM, satellite, Sirius, radio |
Source articles
- FCC head backs XM-Sirius satellite radio merger (cbc.ca, 06/16/2008, 492 words)
- FOXNEWS.COM HOME > SCITECH (FOX News, 06/16/2008, 743 words)
- body {background:#FFFFFF} (L.A. Times, 06/17/2008, 526 words)
- F.C.C. Chief Backs XM-Sirius Deal (nytimes.com, 06/16/2008, 220 words)
- F.C.C. Chief Backs Satellite Radio Merger (nytimes.com, 06/17/2008, 352 words)
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blaster@cs.columbia.edu
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