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OT: FCC Set to Approve XM-Sirius Merger
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Brady  
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 More options Jul 24, 9:24 am
Newsgroups: alt.fan.letterman
From: Brady <watercl...@earthlink.net>
Date: Wed, 23 Jul 2008 20:24:27 -0500
Local: Thurs, Jul 24 2008 9:24 am
Subject: OT: FCC Set to Approve XM-Sirius Merger
--------
FCC Commissioners Will Approve XM-Sirius Deal Satellite-Radio Merger

Will Pass After Firms Pay $20 Million in Fines

By AMY SCHATZ and SARAH MCBRIDE
The Wall Street Journal

July 24, 2008

Commissioners at the Federal Communications Commission have reached a
tentative deal to approve the proposed merger of Sirius Satellite Radio
Inc. and XM Satellite Radio Holdings Inc., FCC officials said Wednesday.

Commissioner Deborah Taylor Tate is expected to cast the final and
deciding vote on the deal shortly, the officials said, after details are
resolved on several outstanding enforcement issues. In exchange for her
vote, Ms. Tate and FCC Chairman Kevin Martin have been negotiating with
the companies to pay upward of $20 million in fines for violations
regarding tower locations and power limits, people close to the
negotiations said.

The companies are valued at $7.5 billion combined.

The deal will allow Sirius to make a big marketing push at holiday time,
traditionally a big selling period for satellite radio. Within three
months, the company is expected to have new à la carte radios on the
market. These will allow consumers to mix and match 50 or 100 radio
stations from the two services.

Even without a new radio, consumers will have new options. For example,
a bare-bones plan of just 50 stations from one of the two services will
cost $6.99 a month, compared with $12.95 for more than 100 stations
currently. Consumers will also likely soon see a number of programming
changes as the companies get rid of redundant programming.

<snip>

[http://tinyurl.com/6z7kh6]
--------

Brady


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CarWash Mike  
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 More options Jul 24, 12:12 pm
Newsgroups: alt.fan.letterman
From: CarWash Mike <Narc14...@aol.com>
Date: Wed, 23 Jul 2008 21:12:45 -0700 (PDT)
Local: Thurs, Jul 24 2008 12:12 pm
Subject: Re: OT: FCC Set to Approve XM-Sirius Merger
On Jul 23, 6:24 pm, Brady <watercl...@earthlink.net> wrote:

I'm worried the bare-bones plans with 50 stations will include about
30 stations I'd never listen to. Kind of like basic cable. I just
don't see the consumer coming out ahead or even staying in the same
place with the merger.

Currently I have XM in my pick-up and Sirius in my car. Paying for the
XM, one year of Sirius came with the Dodge I bought in November.

I rarely lose the XM signal, when I drive through a tunnel, and I just
have a little Tic Tac box size antennae stuck on the roof. With
Sirius, the antennae is in the factory radio antennae and I lose the
signal a dozen times a day. Any time I got under and overpass and
sometimes even a big tree.

I don't know if the signal problem with Sirius is with them or with my
car. But it is bad enough that I was not planning to continie with
Sirius when the year is up? Anyone else have a problem with the Sirius
signal?


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Brady  
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 More options Jul 26, 2:57 pm
Newsgroups: alt.fan.letterman
From: Brady <watercl...@earthlink.net>
Date: Sat, 26 Jul 2008 01:57:37 -0500
Local: Sat, Jul 26 2008 2:57 pm
Subject: Re: OT: FCC Set to Approve XM-Sirius Merger

Now it's official ...

--------
FCC approves satellite radio merger in 3-2 vote

By JOHN DUNBAR (Associated Press Writer)
 From Associated Press
July 26, 2008 12:26 AM EDT

WASHINGTON - Federal regulators formally approved the merger of the
nation's only two satellite radio operators Friday, ending a
16-month-long drama closely watched by Washington and Wall Street.

Sirius Satellite Radio Inc.'s $3.3 billion buyout of rival XM Satellite
Radio Holdings Inc. will mean 18 million-plus subscribers will be able
to receive programming from both services. Executives say it will mean
huge cost savings that will lead to a first-ever profit for the
relatively nascent industry.

The Federal Communications Commission voted 3-2 to approve the buyout,
with the tiebreaker coming Friday night from Republican commissioner
Deborah Taylor Tate.

<snip>

[http://tinyurl.com/5uleu6]
--------

Brady


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