Sirius CFO Says Co. May Reject Merger Conditions

Law360, New York (May 14, 2008, 12:00 AM EDT) -- Sirius Satellite Radio Inc. Chief Financial Officer David Frear reportedly said Tuesday that Sirius would reject some conditions that federal regulators might impose on its highly contentious proposed merger with XM Satellite Radio Holdings.

Frear said the company's negotiations with the Federal Communications Commission were a “tortured path” because of various entrenched interests opposing the merger, according to Dow Jones.

“The FCC process is in many ways a political process ... There is a well-worn tradition of exploiting, of opportunistic parties looking to exploit the regulatory...
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