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It’s bad enough that the FCC is against free speech and the First Amendment. Now it’s against capitalism. Get a load of commissioner Jonathan Adelstein’s ridiculous conditions on the long, long, long overdue Siriux-XM merger:

He told the companies that they would have to agree to cap prices for their service for six years after the merger, set aside one-quarter of their radio spectrum for noncommercial and minority programming and equip satellite receivers with high-definition over-the-air radio signals to ensure that traditional radio will be able to compete with the monopoly.

Disclosures: I’m a Sirius stockholder, a Sirius customer, and a Howard Stern fan and speaking as one customer, this merger is good for me. I don’t need you to protect me, sir.

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This article has 74 comments:

  •  
    jeff,
    bulleye!
    I agree with you 100%, as I believe 95+% of us Sirius subscribers (and I am two, as I have two subscriptions) agree with you...
    2008 Jul 20 02:39 AM | Link | Reply
  •  
    The FCC process on this merger has a distinctly foul odor to it. Holding this merger hostage for 500 + days = regulatory incompetence and/or blatant FCC corruption. I am more than disgusted with this example of our our federal government's performance.


    2008 Jul 20 03:25 AM | Link | Reply
  •  
    i cannot understand how the virtual seizure, control and possible giving away 25percent of a company's assets , the imposition of a six year rate freeze, along with the requirement to add features in its products and services which the affected company neither want nor need, is supposed to protect the consumers.

    fcc commissioners' conditions for the approval of the siri-xm merger are excessive. they are discouraging entrepreneurship.

    to fcc commissioners - regulate, not destroy.
    - no business establishments, no consumers.




    2008 Jul 20 06:08 AM | Link | Reply
  •  
    First question, who are the consumers? Subscribers! Are any of these folks at the FCC subscribers? After this merger is complete Sirius would have a excellent lawsuit against the FCC.
    2008 Jul 20 06:29 AM | Link | Reply
  •  
    As shown in the following contribution list to Adelstein, he should not be allowed any opinion on any matter involving media of any kind.
    ContributerTotal
    DLA Piper $100,950
    AT&T Inc $92,600
    Time Warner $76,000
    Mintz, Levin et al $67,050
    Viacom Inc $66,350
    News Corp $57,500
    Cassidy & Assoc/Interpublic Group $57,000
    Walt Disney Co $50,850
    Akin, Gump et al $50,250
    Comcast Corp $49,500
    Feeley & Driscoll $46,500
    Sprint Nextel $43,750
    Covington & Burling $42,450
    Qualcomm Inc $42,204
    General Electric $42,000
    Cassidy & Assoc $37,300
    GTCR Golder Rauner $36,800
    Paloma Partners $36,500
    Raytheon Co $35,600
    National Assn of Broadcasters $33,300
    It's such a shame that an official of our government could be allowed to try and destroy a business while getting paid off by opposing business. How does anyone live with themselves while knowingly committing acts against the citizens he's sworn to work for.
    Shame on you Jonathan Adelstein.


    2008 Jul 20 06:33 AM | Link | Reply
  •  
    $1,064,454.00 in lobbiest money to protect us from the big bad sirius/xm merger!!!! I'm fed up with these a**h****!!! These jerks need to go!!!
    2008 Jul 20 06:53 AM | Link | Reply
  •  
    Might as well throw in my 2 cents worth. Our comments are falling on FCC deaf ears. The loops that Sirius and XM have to jump through is preposterous.
    2008 Jul 20 07:54 AM | Link | Reply
  •  
    There is absolutely no reason to have two Satellite radios competing for customers. Think about it, there is nothing proprietary. There is no cost competition because if either lowers there price they will go out of business. Satellite radio is simply medium for musicians to be heard and for paying consumers to enjoy. Traditional radio sells advertising to produce revenues, Satellite needs subscriptions. Every consumer in America that is for this merger knows the real reasons why higher campaigning officials paint this picture of a monopoly. Can another Satellite radio enter the market and compete? Absolutely not. Why you ask? The answer is simple, because unfortunately the business model created by the two original satellite radio companies can not produce any other revenues besides subscriptions and competing for these subscriptions will cause the companies to fail. These companies need to merge, be able to introduce a new concept which is a direct competitor to mp3 players, IPods, traditional radios. My new car has a hook up for MP3’s and a separate hookup for an IPOD. I have actually listened to my Satellite and Traditional radio less because I download shows off of ITunes and listen to them on my way to work. Satellite Radio offers looping real time traffic and weather for commuters and also cable like content on our radios. I would never know how to choose between the two satellite companies nor would I want to. Trust me NO ELSE DOES EITHER. I have an IDEA why doesn’t traditional radio offer something worth listening to. Static and commercials are not very attractive. I love my Sirius Satellite radio, I love the Howard Stern Show, I personally would not mind paying a little more, the content offered by Sirius is like no other. Adelstein is off the wall with his comments.
    2008 Jul 20 07:55 AM | Link | Reply
  •  
    HOW! Do the merger for monday opening. It has bin just a waste of everybody's time and wampum!
    2008 Jul 20 07:55 AM | Link | Reply
  •  
    I just pray that once the merger goes through, Sirius-Xm destroys Traditional Radio and shows the NAB whose boss. The FCC is a joke. Hopefully President Obama will abolish them. And yes, I know Adeljerk is a Democrat and that if the FCC consisted of 5 republicans this merger would have already been approved.
    2008 Jul 20 08:41 AM | Link | Reply
  •  
    If lobbying were against the law, perhaps the quality of people aspiring to the job of President, Senator, Representative, and FCC Commissioner would improve.

    Nah, who am I kidding? The entire system is so corrupt now there's no saving it.

    2008 Jul 20 08:52 AM | Link | Reply
  •  
    barryb1248 - The contributions you listed as going to FCC Commissioner Adelstein is actually a list of those who have contributed to Massachusetts Democrat Congressman Edward Markey who is also trying to have the FCC impose strict conditions on the merger. FCC Commissioners are appointed, not elected and don't get political contributions.
    2008 Jul 20 08:59 AM | Link | Reply
  •  
    Comrade Adelstein, If prices get too high, I will simply cancel my subscription to satellite radio. Government need not get involved. NO lives will be harmed. No welfare programs need be affected. Please just enjoy your summer dacha and stay out of the way.
    2008 Jul 20 09:15 AM | Link | Reply
  •  
    The question we should be seeking to answer is what can we do as subscribers, consumers and investors to fight the FCC on this merger debacle? They are out of control and a politically run agency.
    2008 Jul 20 10:07 AM | Link | Reply
  •  
    SLAM THE PHONE ON ADELSTEIN'S OFFICE THE FCC, AND COMM TATE TO CLOSE THE DEAL. PRESSURE AND MORE PRESSURE TO GET THE DOJ MORE INVOLVED. COMM MARTIN NEEDS NO MORE DIALOG ON THIS MERGER SET A VOTE DATE THEN ALL THE COMM VOTE. THATS HOW THE MERGER WILL GO THRU.

    FOR THE RECORD DOES ANYONE KNOW IF OBAMA OR MCCAIN SUPPORT THE SIRIUS / XM MERGER?

    EXPECT ANOTHER POP IN PRICE MONDAY AS THE MERGER GETS CLOSER TO BEING APPROVED. MY GUESS THIS WEEK IT'S A DONE DEAL AT $4.00-$4.60 ON THE MERGER NEWS.

    GREAT TO THE POINT ARTICLE JEFF!!!!
    2008 Jul 20 10:10 AM | Link | Reply
  •  
    It doesn't matter Adelstein wants. Comm. Tate can bring it all home. You should be attacking her for being a coward and afraid to vote since she, too, is in the pocket of the broadcasters. Adelstein at least admits he's Markey's lapdog by echoing the same foolish requests.

    I wonder, will Adelstein and Markey and Tate impose a 6 year cap on HD radio fees (yes, HD radio can be subscriber only- it's called conditional access)? Going head to head with a paid service is the next step of the broadcasters and HD radio.
    2008 Jul 20 10:24 AM | Link | Reply
  •  
    conservative socialism has arrived.capitalism is corrupt & cant be fixed.if the russians & the chinese had not been as greedy as us they would not be holding that worthless paper & could really laugh at the collapse of capitalism.when will this end-when the middle class taxpayer is broke.
    2008 Jul 20 10:28 AM | Link | Reply
  •  
    Here is all the Comm's names and phone numbers again. The FCC fax is the same for all 1 866-418-0232 I say we bombard them with faxes. Let them come to work monday morning and see a trail of paper!!!

    Chairman Martin's Contact Information
    Room: 8-B201 • Phone: 202.418.1000 • E-mail

    Federal Communications Commission
    445 12th Street SW
    Washington, DC 20554
    More FCC Contact Information...
    Phone: 1-888-CALL-FCC (1-888-225-5322)
    TTY: 1-888-TELL-FCC (1-888-835-5322)
    Fax: 1-866-418-0232
    E-mail: fccinfo@fcc.gov


    Commissioner Copps' Contact Information
    Room: 8-B115 • Phone: 202.418.2000 • E-mail

    Federal Communications Commission
    445 12th Street SW
    Washington, DC 20554
    More FCC Contact Information...
    Phone: 1-888-CALL-FCC (1-888-225-5322)
    TTY: 1-888-TELL-FCC (1-888-835-5322)
    Fax: 1-866-418-0232
    E-mail: fccinfo@fcc.gov


    Commissioner Adelstein's Contact Information
    Room: 8-A302 • Phone: 202.418.2300 • E-mail

    Federal Communications Commission
    445 12th Street SW
    Washington, DC 20554
    More FCC Contact Information...
    Phone: 1-888-CALL-FCC (1-888-225-5322)
    TTY: 1-888-TELL-FCC (1-888-835-5322)
    Fax: 1-866-418-0232
    E-mail: fccinfo@fcc.gov


    Commissioner Tate's Contact Information
    Room: 8-A204 • Phone: 202.418.2500 • E-mail

    Federal Communications Commission
    445 12th Street SW
    Washington, DC 20554
    More FCC Contact Information...
    Phone: 1-888-CALL-FCC (1-888-225-5322)
    TTY: 1-888-TELL-FCC (1-888-835-5322)
    Fax: 1-866-418-0232
    E-mail: fccinfo@fcc.gov


    Commissioner McDowell's Contact Information
    Room: 8-C302 • Phone: 202.418.2200 • E-mail

    Federal Communications Commission
    445 12th Street SW
    Washington, DC 20554
    More FCC Contact Information...
    Phone: 1-888-CALL-FCC (1-888-225-5322)
    TTY: 1-888-TELL-FCC (1-888-835-5322)
    Fax: 1-866-418-0232
    E-mail: fccinfo@fcc.gov



    2008 Jul 20 10:30 AM | Link | Reply
  •  
    I hope blue dog bites them in the ass!!!! sic-em !!!
    2008 Jul 20 10:34 AM | Link | Reply
  •  
    Last time I checked there was only ONE terrestial radio so why is he referring to sattelite as the only MONOPOLY in the situation?????? Also why is he worried about keeping competition fair when we live in a society where the products with the strongest demand survive...I can tell you why......Huge amounts of money going his direction from the NAB....It's all about greed and who owns who....It doesn't matter anyway becuase terrestial radio is on it's way out.........
    2008 Jul 20 10:46 AM | Link | Reply
  •  
    I dont need the fcc to protect me either, they are doing me more harm than good anyway. They are a waste of taxpayers money, and just another organization that can be bought off from the highest bidder. How sad the country we live in today!!
    2008 Jul 20 11:37 AM | Link | Reply
  •  
    "WE THE PEOPLE ON THE TAKE OF THE UNITED STATES OF AMERICA"

    this should be our new preamble.or better yet instead of U.S.A. maybe it should be
    L.O.T.A.D.

    LAND OF THE ALMIGHT DOLLAR.
    2008 Jul 20 12:17 PM | Link | Reply
  •  
    the fcc what about the whole stinking federali apparatus? much of the 50 states apparatus? and a sickening amount of the local gangsters?
    2008 Jul 20 12:39 PM | Link | Reply
  •  
    In actuality Adelstein,is really saying NO to the merger.
    Is proposal speaks for it's self.
    2008 Jul 20 12:55 PM | Link | Reply
  •  
    •  • Website: http://Yahoo.com
    If i lose my LIFETIME subscription to SIRIUS, i will be definately seeking legal council on what my options will be against the FCC. They are intentionally causing financial harm to the SATRAD companies!
    2008 Jul 20 01:01 PM | Link | Reply
  •  
    Commissioner Adelstein's Contact Information
    Room: 8-A302 • Phone: 202.418.2300 • E-mail

    Federal Communications Commission
    445 12th Street SW
    Washington, DC 20554
    More FCC Contact Information...
    Phone: 1-888-CALL-FCC (1-888-225-5322)
    TTY: 1-888-TELL-FCC (1-888-835-5322)
    Fax: 1-866-418-0232
    E-mail: fccinfo@fcc.gov


    Commissioner Tate's Contact Information
    Room: 8-A204 • Phone: 202.418.2500 • E-mail

    Federal Communications Commission
    445 12th Street SW
    Washington, DC 20554
    More FCC Contact Information...
    Phone: 1-888-CALL-FCC (1-888-225-5322)
    TTY: 1-888-TELL-FCC (1-888-835-5322)
    Fax: 1-866-418-0232
    E-mail: fccinfo@fcc.gov
    2008 Jul 20 01:13 PM | Link | Reply
  •  
    CALL ALDELSTEIN AND COMMISSIONER TATE AND LEAVE VOICE MAIL IN THEIR BOX LET THEM KNOW WERE PISTED OFF AND WANT A VOTE ON MERGER NO MORE CONCESSIONS!!!!!

    FORCE TATE IN APPROVING THIS MERGER THIS WEEK!!!
    2008 Jul 20 01:22 PM | Link | Reply
  •  
    I think its time to dust off the GUILLOTINE and take it to Washington.....Those assholes are having a "toga" party at our expense....
    2008 Jul 20 01:42 PM | Link | Reply
  •  


    ADELSTEIN HAS NO RIGHT TO ASK FOR SUCH HEAVY CONCESSIONS FROM BOTH SATRAD SUBSCRIBERS AND THEIR AILING STOCKHOLDERS. HOLDING THESE TWO SMALL "MADE IN THE USA" COMPANIES AT BAY FOR ALMOST 500 AGONIZING DAYS WHILE SCORES OF COMPETITION (MUCH OF IT FOREIGN) HAVE BROUGHT NEW TECHNOLOGIES TO MARKET IS A TRAVESTY IN ITSELF ! IT DEFINITELY FORTIFIES THE CLARITY OF THE DOJ’S DECISION. THE FCC MUST CONCUR!

    PRICE FREEZING FOR SIX YRS IN THIS (OR ANY) ECONOMY IS SUICIDE THAT IS RECOGNIZIBLE BY EVEN THE DUMBEST OF US. MY GOVERNMENT CAN'T EVEN MAINTAIN THE PRICE OF A SIMPLE POSTAGE STAMP YET YOU ASK ME TO ALLOW YOU TO FURTHER RISK AND IMPEDE THE SUCCESS OF MY INVESTMENTS AND CONSEQEUNTLY MY PERSONAL LISTENING PLEASURE AS WELL. THIS IS NO LONGER ACCEPTABLE UNDER ANY CONDITIONS SIRS !!!

    FURTHERMORE, EXTRACTING ANY REFERENCE FROM THE LONG DEFUNCT ECOSTAR MERGER, BESIDES INSULTING, HAS CLEARLY NO CORRELATION TO THE ISSUES OR BENCHMARKS AT HAND. IT STRONGLY ADS, HOWEVER, LUCIDITY TO THE FEEBLE SMOKESCREEN WHICH ACTUALLY REVEALS ADELSTEIN'S CONCRETE ALLEGIANCE WITH MARKEY, NAB, GEORGETOWN AND THE LAW SCHOOL KIDS. IT IS MORE OBVIOUS THAN EVER THAT THAT GROUP, AS A WHOLE , ARE SCRAMBLING IN DESPERATION, FEAR AND COLLUSION TO DEBILITATE THEIR WORTHY SATRAD OPPONENT AT ALL COSTS. ADELSTIEN’S OWN WORDS OVBIATES THIS POINT BY HIS REDICULOUS DEMANDS WHICH PARALLELS THE OPPOSITION DAMN NEAR LINE FOR LINE !!! THIS IS NOTHING SHORT OF CRIMINAL. POLITICALLY CRIMINAL !!!

    WHAT IS EVEN MORE CRIMINAL, SIRS, IS THE TRUE STRANGLEHOLD THAT THE NAB AND, OBVIOUSLY, ANY NEW UNESTABLISHED FLY- BY-NIGHT SPECIAL INTEREST MILLIONAIRES CLUBS HAS ON YOUR FOCUS. YOUR FOCUS MUST RETURN TO ME AND MY FAMILY, THE AMERICAN CONSUMER!! WE ARE PEOPLE YOU ARE SWORN TO SERVE!! IT IS ALSO CRYSTAL CLEAR THAT THIS HAS BEEN THE STATUS QUO FOR SOME TIME. THIS OPPORTUNISTIC TRAVESTY MUST END IMMEDIATELY !!!

    COMMISSIONERS, YOU MUST TAKE ADVANTAGE OF THIS CRITICAL OPPORTUNITY TO RID YOURSELVES OF THE NAB GORILLA AND ITS FLYS THAT HAVE PLAGUED AND CONTROLLED YOU FOR YEARS. THE AMERICAN PUBLIC HAS ALREADY SPOKEN!! YOU MUST LISTEN TO US !!! 20,000,000 SUBSCRIBERS PLUS COUNTLESS OTHERS CAN’T BE IGNORED !!! NEW SUSCRIBERS AT THE CONSISTENT RATE OF 4-5000 PER DAY 24/7 ARE EVIDENCE ENOUGH TO HELP YOU MAKE THIS DECISION TODAY!

    DEAR COMMISSIONERS- STOP HELPING ME!!! LET ME DECIDE WETHER OR NOT THIS LUXURY ITEM IS A VALUABLE SERVICE. QUIT, IMMEDIATELY, THIS CIRCUS PARADE OF SPECIAL INTEREST GROUPS WHOSE VIEWS AND NEEDS DO NOT REPRESENT ME !!! STOP, STOP, STOP BANKRUPTING MY INVESTMENTS AND MY DREAMS!! THEY ARE NOT , I REPEAT NOT, YOUR PROPERTY !!! YOU HAVE NO RIGHT TO ANY OF IT WITHOUT MY PERMISSION, WHICH YOU DO NOT HAVE!!!!! QUIT GIVING AWAY WHAT DOES NOT BELONG TO YOU!

    COMMISSIONER TATE, YOU MUST COUNTER TODAY WITH THE VOICE OF PRUDENCE, COMPROMISE AND REASON. I INSIST THAT YOUR FOCUS RETUN TO ME, THE AMERICAN CONSUMER AND INVESTOR !!! YOU MUST NOT SHRINK FROM YOUR RESPONSIBILITY TO ME!

    ENOUGH IS ENOUGH !!! APPROVE HIS MERGER WITH REASONABLE TERMS SO WE ALL CAN WIN
    2008 Jul 20 02:01 PM | Link | Reply
  •  
    JOE FLINT i knew a guy who was a dc cop. he would make extra money by working security at their nightly tax funded parties. he would always be given fillet mignon and lobster before they threw the surplus in the trash. he was outraged by the decadent waste of our money every single night. he was at a loss to describe the luxurious flamboyant waste of money. he said imagine the worst you can and multiply it by 10. he felt guilty for working their security and for accepting their scraps but he needed the money and the food was headed for the garbage anyway. oh yeah he could not drink on duty but every night the finest wines and champagnes flowed. will enough ever get mad to unseat these arrogant masters?
    2008 Jul 20 02:02 PM | Link | Reply
  •  
    MARTIN CAN END IT WITH A VOTE DATE. TATE WILL SIGN OFF ON IT. THE MORE IT DRAGS THE MORE OPPORTUNITY FOR SOME JACK ASS TO COME OUT AND SAY MORE CONCESSIONS ARE NEEDED.

    THE STOCK IS STARTING TO POP BACK UP WHICH IS GOOD. THE STREET KNOWS IT'S A DONE DEAL AND IF PEOPLE DONT WANTTO HAVE SO BE IT NOBODY IS FORCING THEM TO HAVE IT OR KEEP IT.

    ADELSTEIN, OR BETTER YET WE CALL HIM "IDLESTEIN" GOT HIS HANDS IN OUT POCKETS. LETS SHOUT DOWN "IDLESTEIN" ON BEING IDLE ON THIS MERGER FOR SO LONG. WHAT "IDLESTEIN SAID LAST WEEK HE COULD HAVE SAID A YEAR AND HALF AGO.

    MARTIN HAS LOST CONTROL AND DROPPED THE BALL A LONG TIME AGAIN. THE FCC SHOULD HAVE NO SAY ON ANTI TRUST ISSUES IT IS BETTER LEFT WITH THE DOJ. HANG ONE THIS WILL BE DONE REAL SOON. $4.00-$4.60 ON THE MERGER BREAK OUT.
    2008 Jul 20 02:30 PM | Link | Reply
  •  
    SIC-EM BLUE DOG!!!!
    2008 Jul 20 02:38 PM | Link | Reply
  •  
    lonestar,


    you sound more interested in the merger for yourself in stock holdings.this is about the almighty dollar.but not yours.this is about people on the take.you give me a little and i will do what i can for you.bottom line.

    give me a little extra and i will try a little harder.
    2008 Jul 20 02:41 PM | Link | Reply
  •  
    LAUNIUSS,..... IT IS ABOUT MY DOLLAR AS A SHARE HOLDER, AND YES WHEN THE MERGER GOES THRU THE STOCK WILL GO UP NO LIE THERE. THAT MEANS MORE MONEY TO ME AND THE OTHER SHARE HOLDERS. IS THAT WRONG TO THINK THAT WAY? AND YOUR SO RIGHT ABOUT PEOPLE ON THE TAKE.......GREED, AND SPECIAL INTRESTS CANT SAY IT BETER THEN THAT.
    2008 Jul 20 02:49 PM | Link | Reply
  •  
    One needs to look no further than the pending merger between XM and Sirius Satellite to see cronyism, corruption, and bureaucratic ignorance at its best. And the guilty party is the FCC and congress, who are being paid off by lobbyists who are against the merger. This, after the Department of Justice ruled back in March that the merger was not monopolistic and would benefit consumers. This after the DOJ gave the green light WITHOUT the companies having to give concessions. The proposed merger is a mouse compared to other mergers in history, with the combined market cap of the companies hovering near 5.6 billion dollars. Yet it is the longest running merger proposal in history, surpassing 400 days! Meanwhile, Exxon and Mobil, two oil behemoths were allowed to merge relatively smoothly, considering the monopolistic concerns involved in that one. (How do you like gas prices today?) And now Anheiser Busch is going to be gobbled up by a foreign entity in three shakes of a lamb's tail. The actions, or rather, INACTIONS by the FCC concerning XM/Sirius wreak of BLATANT POLITICAL CORRUPTION. And people wonder why our country is so screwed up?
    2008 Jul 20 02:50 PM | Link | Reply
  •  
    protect and serve,


    i am a share holder,way before stern was announced.i do believe it will go thru.but the article was based on the almighty dollar so to speak.if the people should ever get tired of what OUR GOVERNMENT IS DOING,we need to find a way to make them accountable.

    does your name have to do with law enforcement?
    if it does thank you for doing that horrific job.
    2008 Jul 20 03:02 PM | Link | Reply
  •  
    Once the merger is approved let's start an independant candidates' channel as one of the non-commercial channels so their voices can finally be heard. I am sickened by this whole ordeal and by the constant brainwashing of America that we only have 2 choices for our government. Every time I hear phrases like bi-partisian, both sides of the aisle, or across party lines I want to puke. I am eligable for retirement, have been working since I was 12 years old and paying social security and taxes all that time., and am ready to run for congress to try and stop the selling of our government to the lobbyists. Who's with me?

    Stan Muse - (I) Georgia
    2008 Jul 20 03:03 PM | Link | Reply
  •  
    The FCC isn't communist -- it's its own little dictatorship, and you and I are its subjects.

    On a slightly different note: while I realize that regulation is generally a bad thing, deregulation of terrestrial radio is what rendered it unlistenable, and created the NEED for satellite radio. Imagine if the merger is allowed and ClearChannel someday buys the resulting company -- radio would be uttely dead (again).

    Perhaps the FCC realizes how its idiocy destroyed radio, and hopes to prevent another catastrophe.

    Nah - it's about the money.
    2008 Jul 20 03:35 PM | Link | Reply
  •  
    TO PROTECT AND SERVE SOMETHING THE FCC HAS FAILIED TO DO.
    2008 Jul 20 04:32 PM | Link | Reply
  •  
    If either siri or xm goes belly up the survivor will automaticaly bcomes a (dreaded word) monopoly.
    2008 Jul 20 04:33 PM | Link | Reply
  •  
    If either siri or xm goes belly up the survivor automaticly becomes (dreaded word) a monolopy.
    2008 Jul 20 04:36 PM | Link | Reply
  •  
    As a stock holder in Sirius, I have urged Sirius to a file a injunction in federal court to approve and proceed with the merger since it has been approved by the DOJ, and the loss in millions of dollars in shareholder value due directly to the incomptenance of the FCC.

    I just cannot believe any federal judge would deny the injunction.If he/she did we might as well turn off the lights
    Vapor
    2008 Jul 20 06:29 PM | Link | Reply
  •  
    They're a bunch of smelly animals.
    2008 Jul 20 07:41 PM | Link | Reply
  •  
    hank s.,

    what the big problem is if either one went belly up before they merged,the one left would be out soon and here is why.

    someone with money would come in and buy the one out of bk.then they would have no debt so to speak.where would that leave the other one?to file also.that would leave us out in the cold.
    2008 Jul 20 08:02 PM | Link | Reply
  •  
    Conspicuously absent from Adlestein's protectioinist demands is a requirement to continue to offer commercial-free programming. Wonder why that is, hmmmm.
    2008 Jul 20 08:23 PM | Link | Reply
  •  
    Quit whining and threating to vote for Obama. No one who seriously invests in the stock market and wants to make money would really want to vote for a guy who would raise cap gains by 13% and call all of us wealthy just because we have money to invest. But, to each his/her own.

    Adelstein is talking from Georgetown partners talking points. Directly. He knows that there are 3 yes votes. He is trying to extract conditions. Sirius knew that they would have to give up something and they will give up 50 channels and 4 years of price freezes. Big deal. They will gain that many subscibers who will be willing to sign 4 year contracts for fixed prices over that term. How many of those customers will know that those were legally required? They can market it that way. A la cart will not be included in the fixed price deal. Also, I can see porn channels coming out in a la cart that could be charged at premium rates. (yes....porn.) If cable can do it, why cant radio?? They could charge 40 bucks a month for 5 porn channels.
    2008 Jul 20 08:50 PM | Link | Reply
  •  
    I've cried foul on this one. But I'm just the everyday, average finance graduate who was taught to believe in the free markets. You know... Adam Smith, the invisible hand and all that jazz. But we've seen an increasing amount of regulation just since I finished college a year ago! It's so easy for me to be alarmed and I'm sure any other business graduate. What's going on certainly does not follow free market.

    I wish the universities had done a better job teaching communism. At least I'd have a better framework for investing. Maybe Georgetown partners should write a textbook and the FCC should publish it. Now there's an idea.

    "How to destroy the wealth of nations".

    Sirius and XM shareholders have put up a ton of risk capital, as I learned it in college. It would be a shame, and go against everything free-market, to allow this agency to legislate control over the proprietary networks established by Sirius-XM.

    This article was extreme. But, sadly, the author is dead on! And it is why I hope the shareholders of Sirius-XM file for a class action lawsuit when this is all said and done, in the true american spirit!
    2008 Jul 20 08:56 PM | Link | Reply
  •  
    agree. FCC has totally gone communist. How in the world XM and sirius can keep freez the price when the inflation is gpoing up. The already battered companies will soon belly up if they agree to these non-sense, ridiculous and unqualified conditions. As a avid subscriber of sirius and a stock holder, I don't need any protection from FCC. The FCC commisioners are abusing their power by simply biasing towards regular radio lobbies. Are they working for US government or for clear channel or other radio companies. When the justice department clarly sees too many competitions to the XM or Sirius. How in the world FCC sees the combined company will be a monopoly. Every few months there are too many technology gagets keep coming up and posing serious competition to Satellite radio. How can they freez the price for 6 years. Is the FCC commisioner living in the stone age?

    The FCC commisioners are seriously abusing their power for not taking a decision on XM-Sirius deal for a record many months in hostory. They are also heeding to the advice of the regular radio lobbies instead being neutral while tking merger decisions.

    It is a clear case of abusing the power these FCC commisoners are wielding.
    2008 Jul 20 09:08 PM | Link | Reply
  •  
    It would only be fair to also require that high-definition over-the-air radio signal receivers be equipped to receive satellite signals.
    2008 Jul 20 09:51 PM | Link | Reply
  •  
    SOME ONE HAS FINALY SAID WHAT I HAVE BEEN SAYING ALL ALONG, I DON'T NEED SOME "A"-HO TO PROTECT ME. THANK YOU JEFF.
    2008 Jul 20 10:13 PM | Link | Reply
  •  
    How come these politicians intent on protecting consumers are completely ignoring Exxon/Mobil? I know the FCC has nothing to do with it but I mean politicians in general. The President (head crook on the take) has already stated that the US should not restrict a companies ability to make money. Apparently, that only applies to his friends in oil and broadcasting.

    I listen to Sirius because terrestrial radio is awful. The programming and content is not entertaining. So based on that assesment, satellite is not even competing with them
    2008 Jul 20 10:15 PM | Link | Reply
  •  
    Do you asshats realize what communism is? It seems like every ignorant American who disagrees with someone else seems to throw around the phrase, "Oh, you must be a commie!" as some kind of insult to say the person is ridiculous.

    Let me tell you what would happen if a communist government was making a decision on this merger. They would dissolve both companies in addition to terrestrial radio to create a government controlled radio entity, consisting of only government sanctioned and run radio programming.

    What we have here is not communism - it is in fact quite the opposite. I think its more like capitalism to its extreme, where money and political power go hand in hand, and companies/industries dictate the political process.

    Get a clue.
    2008 Jul 21 12:00 AM | Link | Reply
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    Brazen23,

    At the point government controls private enterprises, it's communism. Listing degrees of government control is simply splitting hairs.

    While I have no problems with 'monopolies', because I think the market will mediate them eventually -- like Microsoft, for instance, which had vast control for many software applications like Internet Explorer, and Windows, has begun to lose significant market share to other offerings with no goverment assistance to those alternatives.

    Nevertheless, I have cannot understand how Siri/XM can be called a monopoly. First of all, there was a time when SIRI did not exist, and XM was the SOLE PROVIDER of Satellite Radio! Was there any talk of a monopoly back then?

    I'm a Sirius subscriber, and I do not own the stock. The reason I got Sirius was because I hated listening to the public radio stations that played the same songs, which were constantly interrupted by commercials. I chose to Pay for satellite radio to replace terrestrial radio. REPLACE is the key word.

    Before that, there were no options. Terrestrial Radio was the monopoly!!!

    Under the guise of consumer interest, the NAB is trying to protect its interests in the name of capitalism , and the illusory claims of a monopoly. But the stark truth is that the NAB is simply reacting to its loss of monopolistic control over the radio waves and is using the FCC in its fight to sustain its own monopoly!
    2008 Jul 21 12:51 AM | Link | Reply
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    to the person above that said the author is wrong, this is not communism, but extreme capitalism, I say that you are wrong....unless by what you mean by extreme capitalism is fascism, because the FCC is close to becoming, if not already becoming, a fascist organization.
    2008 Jul 21 01:17 AM | Link | Reply
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    It's so simple, really. The FCC is laying it on the table.

    Siri/XM: Get your 100+ lawyers round the table.

    Tell them to say YES to the FCC in legal terms, provisoning that
    - OK 25% channels equalling 25% x 300 = 75 channels set aside, meaning ALLOCATED, not given away
    - to be populated by those crowds of 75 minorities and what have you by 12 months, not later; If they are so longing for spectrum, they should hurry
    - paying the normal lease for these channels meaning Siri/XM cost + a decent operating profit - whether they are commercial, generate income or not used at all
    -pricecap for 6 years OK, YES, conditioned to economy factors, oilprices, birthrate, carsales, global melting etc. etc. whatever one can think of to contain the risk --
    and go get this merger approved.

    That cannot be a too hard job for Management and lawyers now, can it?

    This way the dragging will stop, people can get back to busienss at hand, the merger can be consummated, loans can be organsized, subs can be attracted etc.

    Isaac (long)
    2008 Jul 21 07:17 AM | Link | Reply
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    Either way, the whole headline "Has the FCC Gone Communist?" is absolutely laughable... First off, he is referring to Adelstein, not the FCC. Therefore, maybe the headline should have read, "Has Adelstein Gone Communist?", which is also completely ridiculous as well. Evidently, the only way you're not communist is if you are 100% in favor of everything to do with capitalism and anti-protectionism. I just think the whole "You're a commie!" argument is silly and not something that should be said if you want to encourage true debate.

    On another note, I am a Sirius shareholder and I was very pleased to see an offer on the table by an otherwise dead vote (Adelstein). Despite the offer having a few concessions that may be damaging to Satrad's business model, I think it puts pressure on Tate to make a decision and removes her ability to highjack the process.

    The only concession I find troubling is the mandatory inclusion of HD radio in all satrad receivers... This would be fine, but who will be paying for them?
    2008 Jul 21 09:13 AM | Link | Reply
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    DONE DONE DEAL.............IT'S JUST A MATTER OF WHEN. iAM SAYING THIS WEEK TATE APPROVES THE DEAL.
    2008 Jul 21 09:14 AM | Link | Reply
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    FCC = Communism at it's best!


    F-DA-FCC!
    2008 Jul 21 09:22 AM | Link | Reply
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    Brazen --

    on the HD chips aspect: again, it is simple. The lawyers should say YES but -- of course we agree to the inclusion but obviously not at a subsidizing cost for Siri/XM.

    Siri/Xm have invested millions over the years into the network and programming -- so now it's your / HD turn.

    We agree to have your stuff included - here's our specs so talk to the Radio Manafacturers now and make a joint effort.

    We SIRI/XM hav e nothing against at as long as you carry the cost.

    Be surprised how fast that issue dies..?
    Isaac
    2008 Jul 21 09:24 AM | Link | Reply
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    I JUSST LEFT 3 MESSAGES AT COMM TATES OFFICE FOR HER TO APPROVE THE MERGER WITH NO CONDITIONS. HER NUMBER IS ABOVE.

    LETS ALL CALL IN NOW!!!!!!!!!!!!!!
    2008 Jul 21 09:32 AM | Link | Reply
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    You're all wasting your time. Do you think your pathetic phone calls and messages are going to sway the FCC commissioners? They accept no money from you, so your opinion means nothing to them.
    2008 Jul 21 09:41 AM | Link | Reply
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    Vicar do you mean as I accept no money from you then your opinion means nothing to me!!!!!!!!!!!1
    2008 Jul 21 10:08 AM | Link | Reply
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    Isaac,

    I agree that XM/SIRI should accept even if it comes down to Adelstein's offer... The issue is how the combined satrad entity will be compensated for including the hd chips in their receivers. If they are given a certain amount per receiver, say $10, $20, $30 to include the hd chip, I would be more than happy with that.

    Even with the HD chip in there, people will still pay for satellite radio. The truth is that HD radio doesn't even come close in (programming) quality to satrad. What traditional radio fails to understand is that people buy satellite radio for content, not signal quality. Therefore, HD radio will never catch on... Sirius and XM have spent literally billions over the past year to penetrate the car market - I just find it funny that terrestrial radio is pushing for this "concession" as a fix for their their poor HD product offering...

    NAB and terrestrial giants are also tiptoeing on a very dangerous line when it comes to this merger. They are trying to equate themselves to satrad and this just may kill them in the long run, most notably because of song royalties. Eventually, record companies are going to demand the same royalties from terrestrial radio as they do satellite, which would turn the tide in favor of satrad in my opinion.

    Thanks for your response Isaac.
    2008 Jul 21 10:42 AM | Link | Reply
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    It just occurred to me that in the end, the FCC might have done us all a huge favor by delaying this merger so long. By driving down the stock prices of these companies, a $5 billion merger is now a $3 billion merger, leaving much more room for ultimate growth. Those who are buying SIRI now at its low point will see a 10-bagger when the stock is trading at $20-$25 five years from now.
    2008 Jul 21 10:52 AM | Link | Reply
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    DOES ANYONE AT THE FCC READ THESE COMMENTS OR ARE THEY JUST AN AUTOMATIC EMAIL REPLY?
    DOES ANYONE AT THE FCC READ THESE COMMENTS OR ARE THEY JUST AN AUTOMATIC EMAIL REPLY?

    I ASKED THEM TWICE THINKING PERHAPS THIS MIGHT SPUR A REPLY.

    ANOTHER CASE IN POINT. THIS APPEARED TODAY 7/21/2008 IN THE NEWS. DOES ANYONE KNOW HOW TO GO ABOUT REQUESTING THAT THE FCC HAVE THEIR COMMISSIONERS PLACED UNER REVIEW FOR THEIR LAME ACTIONS REGARDING THE SIRIUS AND XM MERGER?

    THE NEXT BLOG MOVEMENT - LET’S TAKE THE FCC TO COURT FOR THEIR INADEQUATE AND BIAS HANDLING OF THE SIRIUS AND XM MERGER. THEY WASTED THE TAX PAYERS TIME AND MONEY OVER THIS FRIVILESS JANET JACKSON INCIDENT WHERE THEY WERE RULED AGAINST. IT IS JUST ANOTHER CASE WHERE THEY HAVE ALLOWED LOBBYIST TO STEER THEM OFF COURSE.
    EVERYDAY THEY MAKE THEMSELVES LOOK LIKE INCOMPETENT FOOLS. WHEN ARE THEY GOING TO ACT IMPARTIAL AND FORTHRIGHT? APPARENTLY THEY HAVEN'T SHOWN US THAT THEY ARE ABLE TO FAIRLY ADDRESS THE PARTICULARS OF THE PENDING MERGER.



    A federal appeals court on Monday threw out a $550,000 indecency fine against CBS Corp. for the 2004 Super Bowl halftime show that ended with Janet Jackson's breast-baring "wardrobe malfunction."
    The three-judge panel of the 3rd U.S. Circuit Court of Appeals ruled that the Federal Communications Commission "acted arbitrarily and capriciousl



    2008 Jul 21 11:21 AM | Link | Reply
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    Slimsum - what's good for the goose is good for the gander.
    2008 Jul 21 12:42 PM | Link | Reply
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    I'm staying tuned to see what new outfit Ms. Tate is wearing on her next photo opportunity. She's the FCC fluff they've needed for years. All blond, no brains/balls.
    2008 Jul 21 02:31 PM | Link | Reply
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    Brazen 23 - Communism is what happens in China right now --- all the idiots watching tele next months do not have a clue... That is communism, nothing's changed... not the Olympics... it's a cover-up...

    So, shut up about communism in the USA - however, the FCC seems a remnant of that since it is a dictatorship under the cover of people's protection!

    How come one Congress body can uphold and prolong a DoJ ruling on non-competiveness? And lame two businesses at that?

    Incredible.

    Here's my cure:It's so simple, really.
    The FCC / Adelstein is laying it on the table.

    Siri/XM: Get your 100+ lawyers round the table.

    Tell them to say YES to the FCC in legal terms, provisoning that
    - OK 25% channels equalling 25% x 300 = 75 channels set aside, meaning ALLOCATED, not given away
    - to be populated by those crowds of 75 minorities and what have you by 12 months, not later; If they are so longing for spectrum, they should hurry
    - paying the normal lease for these channels meaning Siri/XM cost + a decent operating profit - whether they are commercial, generate income or not used at all
    -pricecap for 6 years OK, YES, conditioned to economy factors, oilprices, birthrate, carsales, global melting etc. etc. whatever one can think of to contain the risk --
    and go get this merger approved.
    - Of course you will have a monitor - don't we all these days? We all need an enforcer - it's fashionable! Just say YES; next year's different.

    That cannot be a too hard job for Management and lawyers now, can it?

    This way the dragging will stop, people can get back to busienss at hand, the merger can be consummated, loans can be organsized, subs can be attracted etc. Let's move on!

    Isaac (long)

    2008 Jul 21 04:30 PM | Link | Reply
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    Comrad Lenin is smiling down upon you, mr. Adelstein. Your efforts in promoting Soviet style socialism in America are noticed. You should be awarded the order of the Red Star. Meantime, the rest of us suckers will hold the bag.
    2008 Jul 21 05:07 PM | Link | Reply
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    This has now gone from the concerned FCC -to the slow FCC -to the political FCC-to the radio owned FCC to the realllly sloowwww FCC to the "whore" FCC. Man when I see some one getting screwed out of money and existence like this last moron FCC Commissioner's list of concessions--cannot do anything but say FCC is a whore--gets money (radio lobby) for screwing others like Sirius/XM and its shareholders. Not rate increases for 6yrs! 25% minority channels! Sat recievers developed and paid for so land based radio to use for free!!! while I pay for a subscription. FCC you sure are not protecting the biggest consumer I know--ME! A sirius shareholder.
    2008 Jul 21 07:00 PM | Link | Reply
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    Price freeze for six years? Try this with all our institutions to strengthen our economy. Won't happen without political suicide. Might as well look for another job that requires less common sense.
    2008 Jul 21 09:02 PM | Link | Reply
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    and to make sure everyone understands this article.

    this is about greed nothing more.
    by a person who is not there for the people.and i wil make my plea one more time

    "WE THE PEOPLE ON THE TAKE OF THE UNITED STATES OF AMERICA"
    PLEASE UNDERSTAND THIS WHEN YOU VOTE THIS NOV.
    2008 Jul 21 09:40 PM | Link | Reply
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    ...And while we are at it, mr. Adelstein, lets freeze your salary for six years, because, as a consumer of your service and a tax payer, I will benefit from not having to pay any more for your stupid decisions than its already costing me.
    2008 Jul 21 09:54 PM | Link | Reply
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    If they agree to the fascist conditions Comrade Adelstein is demanding, I'll sell every share I have after any pop. There is no way ANY business can succeed if they were painted into that corner. No rate increase for 6 years plus giving away 1/4 of their product to groups that will have no following or interest is absurd. This whole process makes me sick.


    On Jul 21 09:02 PM shash wrote:

    > Price freeze for six years? Try this with all our institutions to
    > strengthen our economy. Won't happen without political suicide. Might
    > as well look for another job that requires less common sense.
    2008 Jul 21 10:38 PM | Link | Reply