News & Observer | newsobserver.com | XM, Satellite Radio deal may gain one vote

Published: Jul 18, 2008 12:30 AM
Modified: Jul 18, 2008 06:21 AM

XM, Satellite Radio deal may gain one vote

 

Story Tools

Advertisements
WASHINGTON - FCC Commissioner Jonathan Adelstein, the potential deciding vote in the government's review of the $3.1 billion merger between satellite radio companies XM and Sirius, said Thursday that he will vote in favor of the deal if the companies agree to tougher conditions.

So far, two of the five members of the Federal Communications Commission have voted to approve Sirius Satellite Radio's buyout of rival XM Satellite Radio Holdings. That is one vote shy of a majority. Adelstein, a Democrat, wants the companies to cap prices for six years and make one-quarter of their satellite capacity available for public interest and minority programming, among other conditions. If the companies agree, Adelstein said he will support the deal.

All rights reserved. This copyrighted material may not be published, broadcast or redistributed in any manner.

Get $150+ in coupons in every Sunday N&O. Click here for convenient home delivery.

No comments have been posted for this story. Log in to be the first to comment.
 

 

The News & Observer is pleased to be able to offer its users the opportunity to make comments and hold conversations online. However, the interactive nature of the internet makes it impracticable for our staff to monitor each and every posting.

Since The News & Observer does not control user submitted statements, we cannot promise that readers will not occasionally find offensive or inaccurate comments posted on our website. In addition, we remind anyone interested in making an online comment that responsibility for statements posted lies with the person submitting the comment, not The News and Observer.

If you find a comment offensive, clicking on the exclamation icon will flag the comment for review by the administrators, we are counting on the good judgment of all our readers to help us.

Hosting Partners of
newsobserver.com

A subsidiary of The McClatchy Company