FCC May Be Nearing Sirius-XM Decision

FCC MAY BE NEARING SIRIUS-XM DECISION
[SOURCE: Wall Street Journal, AUTHOR: Sarah McBride sarah.mcbride@wsj.com and Amy Schatz]
Federal Communications Commission Chairman Kevin Martin asked his staff to draft documents on the planned merger of Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc., signaling the agency is nearing its decision on whether to approve the deal. The move signals that the FCC has finished its lengthy research phase, and will be prepared to act once the Justice Department, the other regulatory body that must rule on the proposal, issues its decision. Chairman Martin said it was unlikely a ruling from the FCC would come by the end of the first quarter, in contrast to remarks he has made recently. He said he'd like the agency to act soon after the Justice Department makes its decision.
http://online.wsj.com/article/SB120604671159252807.html?mod=todays_us_marketplace
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