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    • Wed Jul 23rd 12:29 PM | Rating: 0 0
      Commented on:
      FCC Commissioner Copps Votes "No" to Radio Merger: No Surprise
      From the Dow Jones Newswire: A quote from Adelstein as he explained and cast his "NO" Vote. Looks like he talked to Tate and she is voting with her Republican Commissioners. Not official yet but ohhhhhh sooooo close.

      "Instead, it appears they're going to get a monopoly with window dressing. We missed a great opportunity to reach a bipartisan agreement that would have benefited the American people," Adelstein said.
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    • Wed Jul 23rd 12:18 PM | Rating: 0 0
      Commented on:
      FCC Commissioner Copps Votes "No" to Radio Merger: No Surprise
      We now have 4 votes in, 2-2. Adelstein withdrew his offer and voted "NO" because he couldn't get support for his ridiculous proposals from the companies. Now we know that 25% is a deal breaker, Thank God.
      It's all on Tate and her fines and enforcement. Public Knowledge and Media Access Project filed an ex parte, saying that: 1. "Open Access" is more important than HD chips installed, let the manufacturers decide to add or not. Moratorium of 60 days not 1 year also what their looking for. 2. A oversight authority, assigned by the Commission not the merged entity is required for enforcement. 3. 5% Minority owned Spectrum with 1 programmer per channel, not SIXM controled, is required, 10% if the existing programming offered is included.

      Other than Tate's settling out the fines for prior sins, and corrective action time tables, I believe we're getting a glimpse of what the final approval will look like.
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    • Tue Jul 22nd 21:03 PM | Rating: 0 0
      Commented on:
      Why the Wild Trading in XM and Sirius
      Freep, Congratulations on your quick thinking, right place at the right time. Some times it's just that way. What a great example of a couple of stocks moved by news, even when meaningless, rather than fundamentals. I hope the "PoP" up is as impressive but longer lived.
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    • Tue Jul 22nd 18:26 PM | Rating: 0 0
      Commented on:
      Why the Wild Trading in XM and Sirius
      Eric, If you go back and look at the first post that came out on MarketWatch @ 1:45 PM they said, "FCC Commissioner votes against SIRI - XM Deal" without any further discussion or explanation. That was when the precipitous drop in both stocks prices took place and then 10 minutes later articles came out explaining that it was Copps on Monday that voted no. It was an irresponsible release of incomplete information that caused the panic by MarketWatch.com and any of the other wires that carried the incomplete news release. By the time anyone could figure out what it was out a large number of tight sell stop limits were activated and we were off to the down side. Without any further news the stocks came back nicely awaiting Tate and real news.
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    • Sun Jul 20th 20:00 PM | Rating: 0 0
      Commented on:
      Merger Watch: Sirius and XM
      Freep....Your math is correct. XM is a better deal with a double pop when the merger goes through, Risk Premium and Announcement Pop.
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    • Sun Jul 20th 19:51 PM | Rating: 0 0
      Commented on:
      FCC Commissioner Adelstein Puts Forth Radio Merger Offer
      163888..... No problem on the link. I also agree with your take on Tate as I have stated before. She is going to tighten up enforcement of concessions and probably set up some type of oversight authority paid for by the merged entity. Public Knowledge / Media Access Project, PK/MAP have made a pretty good case for it, and have used AT&T / Comcast and the Time Warner / AOL merger agreements as past precedent. Open access and minority set aside will fall under oversight authority. The one year moratorium may be stepped back to 120 - 180 days. None of these are deal breakers, simply operating plans for the merger to move forward.

      killerkaul...I don't think your being too hopeful. Both stocks have been pounded and as 163888 said above Adelstein's BS represents the deal moving forward and is not an outright "NO". Anyone who is holding a "short" position with the merger so close to being done, needs to close the position, buy the borrowed shares, while they can. With all the talk lately of "Naked Short" positions and how to better regulate (again) and enforce the current rules, investors don't want to be unable buy shares at the right price. Although there probably will be no "short" squeeze, it does put upward pressure, in addition to longs getting in, on the stock price. This moves SIRI up and because of the "Risk" Arbitrage with XM, as SIRI moves up, XM will follow. With SIRI at $2.28, XM is at $10.49, (2.28 x 4.6) at merger approval, while closing on Friday at $8.55. That's a 22.5% "Risk" Premium to XM. So as SIRI's stock price creeps up with merger anticipation for whatever the investor's reason is, (every $.01 of SIRI is $.046 of XM) the Risk Premium for XM goes up also, not necessarily in % but in $. Upon approval the Risk Premium essentially goes away and moves in lock step with SIRI's stock price. This is why I have bought around 2,000 shares of XM with an Average Cost of 7.34 over the last 2 weeks. It's not much but its been working so far.
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    • Sat Jul 19th 20:44 PM | Rating: 0 0
      Commented on:
      FCC Commissioner Adelstein Puts Forth Radio Merger Offer
      163888 Here is the link to the article regarding the "Yellow Cake" from Iraq. www.macleans.ca/articl...
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    • Sat Jul 19th 18:12 PM | Rating: 0 0
      Commented on:
      FCC Commissioner Adelstein Puts Forth Radio Merger Offer
      shure46... Guess you told me. Not to worry, after that rant you are invisible to me.

      163888... Welcome back! I hope your time away was enjoyable. Your reasonable approach was missed.
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    • Sat Jul 19th 01:21 AM | Rating: 0 0
      Commented on:
      FCC Commissioner Adelstein Puts Forth Radio Merger Offer
      Roxieanne.... I agree with your opinions as always and as I said above, the Adelstein proposal is no vote in disguise...
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    • Sat Jul 19th 00:46 AM | Rating: 0 0
      Commented on:
      FCC Commissioner Adelstein Puts Forth Radio Merger Offer
      .ya cos , I think maybe he is just letting siri know that he is willing to take some bribe money ......I am sure glad the FCC isn't a 20 person panel of judges .....that would get expensive !!!!!! One more to bribe , and we're home free !!!!!!! Ok Mel , I'll pitch in a nickel to bribe that hypocrite Adelstein ......."consumer protection" my assssss

      shure46 I'm sorry isn't that your opinion that I read around 10:30 this mourning. I didn't think any of my comments asked for your opinion but I seem to have gotten it anyway.
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    • Fri Jul 18th 21:44 PM | Rating: 0 0
      Commented on:
      FCC Commissioner Adelstein Puts Forth Radio Merger Offer
      Roxieanne Edelstein and Edelman I believe are Adelstein, if not congratulations on appointing new commissioners to the FCC.
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    • Fri Jul 18th 21:30 PM | Rating: 0 0
      Commented on:
      Merger Watch: Sirius and XM
      I am so very disappointed in SEEKING ALPHA in reproducing these MORAN's opinion on this subject. This is a fourteen year olds opinion about ADULT EVENTS.
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    • Fri Jul 18th 17:37 PM | Rating: 0 0
      Commented on:
      Sirius and XMSR's Six Year Prison Sentence
      omagod500.....Commissi... Tate is a Women.....and she is a minority.
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    • Fri Jul 18th 17:06 PM | Rating: 0 0
      Commented on:
      FCC Commissioner Adelstein Puts Forth Radio Merger Offer
      jmb476......I agree with most of your sentiments and totally agree with your concerns about Georgetown Partners. They are not about Public Interest and Minority Commercial Free Programming. As you have stated, both companies provide and abundance of Women's, Gay, Spanish, Korean / Asian, African American, World News, National Public Radio, Country Western (Oh that's not a minority) programing. They do it because its dynamic and makes good business sense to appeal to the audience that drives autos and wants selective programming and is willing and able to pay for it. It's the "Pay" part that Georgetown is interested in. Something for nothing, and the FCC has provided the perfect forum for them to make the "Grab" under the Public Interest mandate that the FCC is responsible for. As disgusting as it is, they have not yet been successful. The transparency of their intentions, and the process itself gives us all insight into the political BS that goes on every day, and is making us all ill.
      The National Association of Broadcasters (NAB) is putting up a terrific fight and funding all merger opposition. As proof notice how they are silent to Georgetown's GRAB. It's because they can then repurchase this Spectrum from Georgetown and have Minority Access to this innovative satellite technology.

      The HD radio GRAB is another NAB sponsored attempt to get something for nothing in the forum of the FCC Public Interest Mandate and Rule Change for Licensing process. Terestrial Radio, is HD radio, is NAB and doesn't have an entry point into the OEM market. This process under the Public's Interest to get "Free" Radio is their best shot at a future at a "no cost to them", and exclusively at the expense of Satellite Radio and the OEM companies opportunity. Thankfully GM, a cash strapped automaker, and Toyota, a usually silent OEM when it comes to Satellite Radio deals, are opposed to absorbing any costs relating to HD chipset installation in their vehicles radios. So that's another area that a good NAB fight is being brought forth but has not yet, nor do I think it will be successful. Open Access manufacturing of future radios by any manufacturer who wants to enter the market place will determine whether or not HD chips are included or not.

      Unfortunately this process has everyone equating Lobbying for Agendas the same as Bribery. Until everyone stands up and votes to eliminate the legality of Lobby access to Politicians, it is the system that we are stuck with. Political Action Committees (PACs), and Lobbies have taken the place of "We the People". Its only when we see our interests tossed around by those in positions of power, now affecting our wealth and investments, that we whine and complain about the corrupt system that we all allowed to develop. As much as I, like you, are saddened and embarrassed by the process, I accept it for what it is. It is what we have available to make this merger work. It flows both ways. If you don't like it "FIX IT".

      Now as far as the talk about monopoly from the FCC, or as is commonly phrased: "A Merger To Monopoly", any commissioner that uses this in their reasoning for voting against the merger or adding concessions to the merger will face the wrath of the court system after the merger has been approved. The DOJ has approved this merger as non competitive or will do no harm if approved. That is HUGE moving forward in the court system. SIXM, Sirius and XM after the merger will be able to contest the FCC findings after the merger in court when the FCC tries to enforce those concessions established because of the "Merger To Monopoly" thesis. It is not the FCC's mandate or authority to make decisions based on the monopoly premise.

      Finally if you are an investor, enjoy the ride up in stock price as this painful process comes to an end. If you are a citizen who can vote, do your best to vote the a$$holes out. If you are a consumer, enjoy the choices that Satellite Radio, Internet Radio, the IPOD / I-Phone, MP3, CD, and every new technology has to offer you. If you are a Terrestrial Radio Listener, I am sorry that darkness has entered your life and feel empathy for all the commercial "Tunes" that are floating around in your head. There is another world out there.
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    • Fri Jul 18th 14:42 PM | Rating: 0 0
      Commented on:
      FCC Commissioner Adelstein Puts Forth Radio Merger Offer
      shure46......Drink some more of that coffee, man your all over the place. First Siri has not been down on Fridays for the last 4 Fridays ever since the Weinkes report. Second, where is all the proof of bribes. I'm so sick of all this accusation without any facts. Mel isn't going to pay one dime to Adelstein for his last minute grand standing. Adelstein's proposal, as it stands is a NO VOTE for this merger. You constantly complain as the deal gets closer to getting done and your stocks move up slowly as a result. Tate will come around, and put her signature on this deal with more definition at to what she sees as a minority, and it won't be RACE defined. She will also put open access and enforcement into the deal, with HD Radio looking in from the outside of the new inter-operable radios. Relax and drink some decaf while the negotiations continue, with news to follow early next week. This deal is done.
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