Sirius as of 6:15pm ET on 04/19/07 Last Trade: 2.98
Talk of CBS looking to make offer for XM and merger not looking good?
Copps calls Sirius-XM merger a "pretty steep climb"
Michael CoppsWhile the Senate was holding a hearing about the Sirius-XM merger, FCC Commissioner Michael Copps was talking with David Rehr during the annual FCC Breakfast at NAB2007 on the same subject.
When asked about the merger's prospects, Copps pointed to FCC Chairman Kevin Martin's comments, "Chairman Martin has already indicated it's a climb for him, well, it's a pretty steep climb for me."
Copps added that he would not prejudge the merger since it was currently before the commission.
Copps also said that there seemed to be quite the disconnect between the NAB's argument that broadcasters did not compete with satellite radio when it came to this merger, and the argument that it was "one big happy competitive family" when it came to seeking media ownership rule changes.
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