The FCC International Bureau dismissed Liberty Media’s application for de facto control...
The FCC International Bureau dismissed Liberty Media’s application for de facto control of Sirius XM. Its applications were unacceptable for filing “because they are defective with respect to execution and other matters of a formal character,” the bureau said in…
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an order (http://xrl.us/bm6abg). In March, Liberty Media filed its application and Sirius filed its opposition to Liberty’s attempt (CD May 2 p10). Sirius said upon expiration of the investment agreement with Liberty, it could take action toward gaining de facto control, “but Liberty Media has neither taken those actions nor indicated that it proposes to take those actions,” the order said. The bureau denied Liberty’s request for a waiver of basic filing requirements because facts disclosed in the applications “are not sufficient to establish that Liberty Media intends to take actions ... that would constitute exercise of de facto or de jure control,” it said.