FCC Invites Comments On Waiving Anti-Sat-Merger Rule
June 27, 2007 at 3:03 PM (PT)
The FCC has issued a Notice of Proposed Rule Making inviting comments as to whether the Commission should waive, modify, or repeal the rules that prohibit XM SATELLITE RADIO and SIRIUS SATELLITE RADIO from merging. Comments will be due 30 days after the NPRM appears in the FEDERAL REGISTER, with reply comments due 45 days after publication in the FEDERAL REGISTER.
SIRIUS and XM contend that the prohibition is a policy statement and not an actual rule because it was not codified in the Code of Federal Regulations.
The NAB's EVP DENNIS WHARTON responded to the NPRM with a statement that read, "NAB is pleased the FCC is asking tough questions about this proposed government-sanctioned monopoly. We're hopeful that in the final analysis, regulators will conclude that competition serves consumers better than a monopoly, particularly when XM and SIRIUS have said repeatedly that they are not failing businesses."