Federal Communications Commission staffers agreed to examine the $13 billion merger of XM Satellite Radio and Sirius Satellite Radio, announced Monday, though a key agency official acknowledges that it will be a difficult review. The Satellite Licensing Order, adopted by the agency in 1997 when it issued satellite licenses for XM and Sirius, prohibits one entity from owning the two satellite radio licenses. FCC Chairman Kevin Martin appeared to indicate that he would consider removing the prohibition.
February 21, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Federal Communications Commission staffers agreed to examine the $13 billion merger of XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc., though a key agency official acknowledges that it will be a difficult review.
“The hurdle here, however, would be high as the commission originally prohibited one company from holding the only two satellite radio licenses,” said FCC Chairman Kevin Martin in a statement.
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