The artful dodger FCC chairman Kevin Martin hit the airwaves on CNBC today,
When he was asked about the merger between Sirius (SIRI) and XM Satellite (XMSR) he said the the FCC has a rule that will not permit the marriage which means that they need to look at it long and hard. He acknowledged that the two companies have made concessions on pricing to try to close the deal.
When asked about timing, he reminded that anchor that the proposal was not like any other that the commission had reviewed.
In other words, he is in no hurry, even if the wait kills the two companies. Each is still running net losses and has over $1 billion in debt.
Douglas A. McIntyre
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