As part of the merger, Sirius/XM was told by the FCC that they must lease 4 percent of their channels to third party interests. This was to be done by November 28th 2008, but was extended by the FCC to February 27th, 2009 (today!)
Has anyone heard which channels will be surrendered for this third party broadcasting and/or which third party companies will be using Sirius/XM bandwidth?
From: Radio Ink Magazine
Has anyone heard which channels will be surrendered for this third party broadcasting and/or which third party companies will be using Sirius/XM bandwidth?
From: Radio Ink Magazine
FCC Extends Deadline For Sirius XM To Lease Channels
WASHINGTON -- December 1, 2008: Sirius XM Radio had until November 28 -- four months after the XM-Sirius merger that created the company was approved by the FCC -- to lease 4 percent of their channels to qualfied third parties, but the FCC's Media Bureau has now, on its own motion, extended that deadline to February 27, 2009.
As a condition of their merger, XM Satellite Radio and Sirius Satellite Radio voluntarily agreed to put 4 percent of their full-time channels in the hands of qualified third parties through long-term leases or other agreements.