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Interesting article this morning:
FCC Commissioner Jonathan Adelstein was interviewed on NPR today, and in that interview a caller asked the Commissioner a question about the proposed merger between Sirius and XM. In his answers, Adelstein indicated that a DOJ decision may be coming soon, and that an FCC decision may come in the first quarter of next year. One has to ask this question though… if the DOJ were to rule against the merger, why would the FCC need to make a decision? Did Johnny let the cat out of the DOJ bag on a positive merger decision? How will investors react to an FCC decision delayed until Q1 if the DOJ approves soon as indicated by Adelstein?
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