Martin: FCC Drafting Sat Merger Docs
March 21, 2008 at 5:50 AM (PT)
The latest chatter about the status of the XM-SIRIUS merger comes from FCC Chairman KEVIN MARTIN himself, who said THURSDAY that he has asked his staff to draft documents on the merger, but did not indicate which way the agency will rule -- and for the first time indicated that the decision may not be made before first quarter ends. He also said that he wants the FCC to make its decision shortly after the DEPARTMENT OF JUSTICE makes its own determination about the merger.
"I'm not sure we'll make it by the end of the first quarter any longer," MARTIN told a press conference. "I have the staff drafting various options. I haven't figured out what I think we should do on it yet."