Last updated: February 21, 2008 - 8:15am
CLEAR CHANNEL CALLS XM SIRIUS MERGER "PERIL" -- UNLESS BROADCASTER CAN BUY MORE RADIO STATIONS
[SOURCE: Lasar's Letter on the FCC, AUTHOR: Matthew Lasar]
Clear Channel has invoked the impending "peril" of a merged XM/Sirius satellite service to repeat its oft made request for Federal Communications Commission permission to buy more radio stations. "The only circumstance under which approval of the proposed merger might survive scrutiny under the Commission’s public interest test would be if the Commission were to contemporaneously eliminate all local radio ownership regulations," Clear Channel Vice President Andrew Levin wrote to the FCC on July 9th, "thus freeing local radio broadcasters to be in a position to match the competition between XM and Sirius that would be lost." Clear Channel submitted its comments as part of the public proceeding that the FCC is running on the proposed merger. The Commission will take statements until July 24th.
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