Sirius, XM -- party's over -- FCC wouldn't approve the merger

We knew that the current rules stated no one entity could own both. The question was would the FCC allow a merger anyway. This question still exists. All the FCC was doing was doing was stating the current rules. He also stated the FCC would examine any transaction submitted to it. The party isn't over yet.

Let's See If I Got This Right--"We Knew That The Current Rules STATED One Entity COULD NOT Own Both, The Question Was, Would The FCC Allow A Merger Anyway"
SO--What Part About The Answer NO--Don't You Understand?
EMIL J KOVACH JR

The FCC is very unpredictable. They allowed BPL over high voltage wires even though it was proven this causes interference to other low frequency services like shortware and amateur radio.
So the FCC has a mind of its own and does what ever it wants. Whoever pays them the most money will eventually get what they want. That is how Washington works. That is how America works!

The Public Owned Airwaves--RULED By The FCC--Is Not An Amatuers Game--These Rules APPLY To All License Holders--To Plead Financial Poverty--To Save A Broadcaster--Has Always Fallen Upon Deaf Ears--In This Forum--These SATS Will Not Go Silent--There Are Other Broadcasters That would LOVE To Run The Show-- At Both Of These Places--That's The Market's Answer--
The FTC--Is Not Going To Allow One Owner--To Be In Charge Of Fixing Fees--NOT GOING TO HAPPEN--The FCC IS Not Going To Allow A Monoploy In Sat Broadcsting--The DOJ Is Not Going To Allow Control Of One Market Through Single Ownership--And Single Rate Control.
What Were You Thinking?


EMIL J KOVACH JR

The merger between Sirius and XM will happen after a series of hearings and investigations by governmental agencies with jurisdiction over the matter.
Informed sources say that the initial posturing by Chairman Kevin Martin was simply usual theatrical posturing. Now it is up to lobbyists and advocates for the two SATRAD players to make it happen.
Odds favor that they will succeed.

Everybody Around DC--Knows How This Game is Played--
The Golden Rule--HE WHO HAS THE GOLD--MAKES THE RULES
But, In This Case--We Are Talking About The Single Ownership Of A Right To Set And Charge Subscription Fees--And A VERY BROAD And Potentially VERY Large Market.
Unfortunately Jack Abramoff--Is Serving Hard Time--As Of NOV 26th--So The Wanters Of This Merger Will Have To Find Someone New--I Just do Not See A Good Arguement--To All 3 Agencies--Or More--And An Oversite Commitee--That Single Ownership--Is A Better Value To The Market Place--Then Letting two Hungry Players Bring Value To This Market And Stock Holders--Just Do Not See It As A Possibility.
FAR TO MANY Public Eyes On This Deal--
EMIL J KOVACH JR

EMIL J KOVACH JR - How many shares did you short?

As to the SATRADs, the future has not been decided. If i-pods, traditional radio, CD's downloadable, Wi- Fi,SatTV and any number of other things to hear and communicate through (while mobile)are considered as part of the market, then anything could happen. I suspect that SATRAD is a great enough product at a reasonable price and that healthy competition will keep it that way. Since the value is there, nothing keeps the two from raising rates; it's what the cable companies have done (don't we all know)with their monopoly in many areas; thereby making Sat TV profitable. I'm bullish on SATRAD without a merger because the value is there and the growth will remain great for a long time as it becomes the 'norm' in new cars. After all, it ain't much more than a 'value meal'. John

For Those Who Want To Know--I Do Not Now--Or Ever Did Own A Single Share Of XM Or Sirius--I Don't Make My Money In The Stock Market--
Buy The Way--I Don't Own Mutual Funds--Or Invest In Private Equity Or Hedge Funds
Sorry Guys

If The Two Players Of This Merger Game--Both Truly Want It--It Will Be In The Arguement Presented To The Market Place--
So Far--It Could Not Not Have Been More Wrong.
Some One Once Asked Me For An Example Of Bad Legal Advice
This--Merger Roll Out--Could Be It.
No I'm Not An Attorney--Either
EMIL J KOVACH JR

What part of "Being Wrong" don't you understand Emil J Nobodycares JR? The FCC didn't say NO afterall. Huh. In fact they said the rule could be changed. But you thought that was a definitive NO. Of course you don't own shares. They're called derivitives.

Sorry--I Don't Own Any derivitives Either--
And You Are Right--The FCC ENFORCES RULES--The Current Rule--On This Duoply Says--They CANNOT MERGE--But Rules Can Be Changed--
He's Not Going To Say--They CANNOT BE CHANGED--Is He.
So--How Do We Change the Rule?
It Seems To Me--We Never Ask A question--We Don't Know The Answer Too--Are You Getting It Now.
EMIL J KOVACH JR

The Only Way--For The FCC--To Change A NO--To A Yes--Is To Change It's Definition--Of What A "MARKET" Is--Or In This Case--WAS--At The Time These Two Licenses' Were issued--A Compelling Arguement To How Broad The Market Is Today--And What New Market Forces Have emerged--since Then Must Be Made--If That Is A Successfull Arguement--They MAY Allow It--But We Are Left With The Same--500 Pound Gorilla--In The Room--The New Company--Is The SOLE OWNER--Of The Right To Set And Charge Subscription Fees--To These SPECIAL--Limited Reception--Radios--
That Is Ware The FTC--Federal Trade Commission--And DOJ--Dept Of Justice--May See Big Problems--
The Only Reasonable Way Out Of That--Is Through A Market Levelling Choice--Against Obsolescence To The ORIGINAL Subscribers Radios--If They Do Not Want To Pay For The New Owners--Programs Or Higher Fees--
I Suspect--The Best Way To Answer That Is To Make Available--All Programming To All Subscribers--With A Substantial Amount Of FREE Programming--If The Existings Subscribers--Do Not Want Anything To Do With The New Company--So It Would Be A Combination Of--Premium--pay Channels--And Some Free--To everybody WHo Nows Has--Or Wants To Buy A New Radio--After The Merger
Quetion Number 2--
As Is Regularly Asked Around The "K" Street Area:
HOW MUCH JUSTICE CAN These Players Afford?
Well--I Guess We Will Find Out--
As They Use To Say In The Radio Business--Stay Tuned.
BY THE WAY--The Market Is Full Of Surveys--Showing terrestrial Is Constanly Losing Listeners To SAT--
I Suspect Terrestrial--Is Not Going To Take This Merger--If It Happens--Sitting Down.
EMIL J KOVACH JR