The FCC dismisses Liberty Media's (LMCA) application for approval to take de facto control of...

|About: Liberty Media Corp (LMCA)|By:, SA News Editor

The FCC dismisses Liberty Media's (LMCA) application for approval to take de facto control of Sirius XM (SIRI). Liberty, which owns preferred shares convertible into a 40% stake in SIRI, was unable to obtain the necessary passwords and other info needed to file the application electronically, which rendered the application "unacceptable."