Georgetown Partners Records 23 Meetings with FCC on Radio Meger
The subject of Georgetown Partners seems to come up a lot in the proposed merger between Sirius (SIRI) and XM (XMSR). Perhaps the reason is that Georgetown Partners has now had an incredible 23 meetings with the FCC, and an astounding 18 meetings in 45 business days in 2008.
Wednesday, the FCC posted an ExParte notifying the public of yet another meeting between the FCC and Georgetown Partners. This meeting featured Chester Davenport, Jesse Jackson, and Kimberly Marcus on a teleconference with FCC Chairman Kevin Martin and Daniel Gonzolez.
Once again, the Exparte filing offers scarce detail on the Georgetown Partners proposal.
What people want to know is simple:
1. How much money is Georgetown Partners willing to lease 20% of the spectrum for?
2. Will Georgetown Partners help pay marketing costs?
3. Will Georgetown Partners help pay customer service costs?
4. Will they help pay capex costs?
5. Will they pay royalty costs?
6. Will Georgetown Partners pay chipset subsidies?
7. Will Georgetown Partners pay revenue share costs to partners?
8. Will Georgetown Partners pay radio rebate costs?
9. What types of programming is Georgetown Partners really proposing? How many music channels? What genres? How many talk channels? How many channels will be dedicated to various minorities?
10. Does Georgetown Partners intend to control this operation, or simply act as a middleman selling off space to terrestrial radio giants?
11. How much ad revenue does Georgetown Partners plan on generating? Will they target the same advertisers that Sirius and XM are targeting? Will they target the same advertisers that terrestrial radio is targeting?
12. Can Georgetown Partners present a business plan? How long do they anticipate for the business to be profitable? Does Georgetown Partners have pockets deep enough to launch such a business? Is their business really viable?
These are simple and straightforward questions that deserve an open and honest answer. Georgetown Partners has insisted on meeting after meeting with the FCC, and has yet to produce anything concrete for anyone to consider. Mr. Davenport, why not step up to the plate and answer these very basic questions?
Position - Long Sirius, Long XM
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This article has 12 comments:
- User 160779
- 1 Comment
Mar 06 07:14 AMDO they think we have no brains? Just like when Howard was on Fm, if you like it ,you listen, you don't ..THEN DON'T LISTEN ! Stupid religious idiots!!
Let them merge, I wanna hear Baseball on my sirius!!!
- scotty48
- 10 Comments
Mar 06 12:34 PM- stinkaroo
- 55 Comments
Mar 06 12:34 PMTo answer your question in your first sentence; they won't let them merge because it will cost them money. They won't make a decision because they cant justify blocking the merger. "They" are a bunch of crooks... "They" are; ClearChannel, NBC, CBS, FCC and our wonderfully paid for politicians that make up the rules as they go...kind of like how my 6 year old always changes the rules when he begins to realize he can't win... only difference is that my 6 year old has character, he just doesn't know better yet.
- simpsonic
- 9 Comments
My Website
Mar 06 02:30 PM- stinkaroo
- 55 Comments
Mar 06 02:42 PM- Big Cam
- 1 Comment
Mar 06 02:57 PM- User 161304
- 2 Comments
Mar 07 02:59 AMIf the government doesn't allow this with restrictions it will be enough to bankrupt two corporations. Every investor might as well have invested into Enron. I belive this should be allowed with certain limitaions and restrictions, for one they cannot jack up their prices, and they cannot attempt to buy out other broadcasting groups.
Currently Clear Channel Communications (ccu) has a market capitalization of 16,970,000,000 Billion dollars. Citadel Broadcasting (csl) has a market capitalization of 353,300,000 Million, and Cumulus media Inc has a market capitalization of 244,560,000 million. The only way that this should be considered as a monoply is if Sirius, and Xm owned and operated every broadcasting group. Terrestrial radio will never go bankrupt as a business because millions of dollars are spent each year on advertizing by major corporations.
- stinkaroo
- 55 Comments
Mar 07 08:10 AM- AZHowardFan
- 1 Comment
Mar 07 06:36 PM- OkThen
- 1 Comment
Mar 08 03:06 AMThis is TERRIBLE, and a Disgrace to American Business.
- Roxieanne
- 29 Comments
Mar 11 05:05 PMThey should receive none---zero--zilch--of the spectrum.
Instead, they should be required to reimburse the government and taxpayers for the cost of these meetings , pay reparations to the stockholders for the hold up they have caused with this business merger to both the company and to the stockholders.
As you wrote in your article----- "Perhaps the reason is that Georgetown Partners has now had an incredible 23 meetings with the FCC, and an astounding 18 meetings in 45 business days in 2008".
- po'd in Plano
- 15 Comments
May 12 08:58 PMKarmazin has to be blindly furious...