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It is really very simple to understand. Martin already had one other FCC commissioner voting for the merger to happen. Adelstein KNOWS that Commissioner Tate will vote for it as well bringing the majority to 3 in favor and 2 against. So, knowing this, Adelstein beats Tate to the punch by coming out with his ridiculous demands. He looks good to the NAB and is seen as justifying all the money the NAB has been throwing his way. He knows he has lost and he knows Tate will be the swing vote. So he is being unduly "harsh" in order to look good.
Jul 18 22:37 pm
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All Comments by stonecgi »Merger Watch: Sirius and XM [View article]
The stock went up 18 cents today because most people know the merger will absolutely happen. When Tate finally ("officially") agrees to the merger with few if any more restrictions than their currently exists, then watch Siri go nuts. I cant wait!!!
As far as Adelstein and the other FCC commissioners go, I hope they are recognized for what they are, and how worthless they have made the FCC as an organization. Now EVERYBODY knows how corrupt and inept this gov't agency is. What a shame!!
GO SIRI !! Go XM!!!