Elaborating on what was , FCC
Chairman Kevin Martin held a press conference in Washington, stating that he has asked his staff to start drafting documents on the proposed merger of XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc. - but added that a decision may not come this quarter.
“I’m not sure we’ll make it by the end of the first quarter any longer,” Martin said. “I’ve got the staff drafting various options. I haven’t figured out what I think we should do on it yet.”
Martin said he expected the Federal Communications Commission to rule after the Department of Justice makes its decision.
“I still think the commission will act on it after the Department of Justice acts,” Martin added. “If there’s a need for us to go forward, then we’ll go forward quickly after that.”
“I have asked the staff, after we’ve gotten all the final information
that we needed, to be doing drafts, and when there were issues
outstanding to do a range of options for us,” Martin said during the
press briefing.
However, Martin said he still had not made up his mind on whether he would back approval of the deal.
“I haven’t decided what I’m going to end up doing on it. I think that [the FCC staff] will have various cuts and options as a part of it, but I
haven’t decided yet.”
[, Reuters]
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