SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Sirius Satellite Radio (SIRI) -- Ignore unavailable to you. Want to Upgrade?


To: HEXonX who wrote (5931)1/18/2007 3:48:03 PM
From: i-node  Respond to of 8420
 
Nope. I bought back in to XM a bit at 15.37. '

I can hear Mel now: "Man, stop breaking my balls. You KNOW I have to have a merger to get out from under this Howard Stern turkey, this Billion Dollar Nightmare! I'm not taking this crap off the FCC!"

NEW YORK, Jan 18 (Reuters) - U.S. Federal Communications Commission Chairman Kevin Martin said on Thursday a rule that bars XM Satellite Radio Holdings Inc. (XMSR.O: Quote, Profile , Research) and Sirius Satellite Radio Inc. (SIRI.O: Quote, Profile , Research) from merging could be altered, if requested.

Martin, speaking to Reuters on the sidelines of a conference in New York, said he was not aware of any request to change the rule on satellite radio licensing ownership, which currently prohibits one entity from owning both licenses.

He said he was not aware of any request to change the rule, and declined to comment on the specifics of any potential satellite radio merger.

XM and Sirius shares jumped on his comments. XM was up 5 percent at $16.22 while Sirius rose 4.4 percent to $4.03.