The chairman of the FCC is recommending approval of the $5 billion merger between the nation’s only two satellite radio broadcasters.
The recommendation comes in exchange for concessions offered by the companies that include turning over 24 channels to noncommercial and minority programming, The Associated Press has learned.
Federal Communications Commission Chairman Kevin Martin’s recommendation sets the stage for a final vote on the closely watched buyout of XM Satellite Radio Holdings Inc. by rival Sirius Satellite Radio Inc.
Other conditions on the deal include a three-year price freeze.
Home

Delicious
Digg
Facebook
Reddit
Stumble Upon
Technorati
Mixx
Sphinn
Twitter
SphereIt
Propeller
Gmarks
Newsvine
Yahoo! My Web
Live Journal
Blinklist
E-mail


