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Results: 1-10 of 43

Study highlights benefits of Sirius-XM merger, as House lawmakers urge FCC to reject transaction

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • June 22 2007

As the FCC’s 180-day “clock” on the Sirius-XM merger began to tick last week, Thomas Hazlett, a professor of economics at George Mason University and a former chief economist at the FCC, released a study showing that the $13 billion merger would enhance competition in the U.S. audio services market

Copps urges FCC to conduct inquiry into News Corp-Dow Jones merger

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • November 2 2007

Describing News Corp.’s proposed $5.6 billion acquisition of Dow Jones as “unprecedented,” FCC Commissioner Michael Copps urged Kevin Martin, the agency’s chairman, to launch an investigation into the News Corp.-Dow Jones merger, which, according to Copps, “would appear directly to affect the New York metropolitan market in terms of localism, diversity and competition.”

Sirius CEO discusses XM merger at House task force hearing

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • March 2 2007

One week after announcing plans to merge with XM Satellite Radio, Mel Karmazin, the CEO of Sirius Satellite Radio, testified before the House Judiciary Committee Antitrust Task Force on the benefits of the $13 billion deal

Justice Department clears Sirius-XM merger

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • March 28 2008

After a yearlong wait, Sirius Satellite Radio and XM Satellite Radio received Justice Department (DOJ) clearance on Monday for their proposed merger, which, according to a DOJ press statement, “does not establish that the combination of satellite radio providers would substantially reduce competition.”

Third Circuit lifts stay of media cross ownership rules

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • March 26 2010

Rejecting a motion that, ironically, was filed by the FCC, the Third Circuit Court of Appeals vacated its stay of FCC rules that permit common ownership of a newspaper and a television station in the top 20 media markets

Governors urge FCC approval of Comcast-NBC deal

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • May 28 2010

Predicting that the proposed union of Comcast and NBC Universal (NBCU) will bring “consumers across the nation more programming choices over more communications technologies,” the governors of three states in which Comcast and NBCU boast a large corporate presence wrote to the FCC on Monday to recommend “timely government approval” of the $13.75 billion transaction

FCC approves Sirius-XM merger by 3-2 vote

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • August 1 2008

A new satellite radio powerhouse, known henceforth as Sirius XM Radio, Inc., was born on Tuesday after the FCC officially announced its approval of the XM-Sirius merger on Monday

Senate hearing on Sirius-XM merger focuses on content issues

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • March 23 2007

Appearing before the Senate Antitrust Subcommittee on Tuesday, Sirius CEO Mel Karmazin again spelled out the public interest benefits of his company’s proposed merger with rival XM Satellite Radio, as key Republican members of the committee focused on the airing of adult content on the companies’ combined platform

FCC initiates media ownership inquiry

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • May 28 2010

The FCC laid out plans on Tuesday to revisit the contentious issue of media ownership with the release of a notice of inquiry (NOI) that seeks comment on the extent to which current FCC rules promote the agency’s goals of competition, localism, and diversity and what revisions to those rules, if any, are needed to promote those goals in the rapidly-changing U.S. media marketplace

FCC proposes lifting of media cross-ownership ban in largest markets

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • USA
  • -
  • November 16 2007

On Tuesday, the FCC published its proposed (and long-awaited) revisions to its media ownership rules, which, according to FCC Chairman Kevin Martin, would involve the elimination of the agency’s newspaper-television cross-ownership ban in the 20 largest U.S. markets under certain conditions