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microcapzone

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microcapzone

Re: None

Thursday, 01/18/2007 3:29:22 PM

Thursday, January 18, 2007 3:29:22 PM

Post# of 90703
NEW YORK, Jan 18 (Reuters) - U.S. Federal Communications Commission Chairman Kevin Martin said on Thursday a rule that bars XM Satellite Radio Holdings Inc. (XMSR.O: Quote, Profile , Research) and Sirius Satellite Radio Inc. (SIRI.O: Quote, Profile , Research) from merging could be altered, if requested.

Martin, speaking to Reuters on the sidelines of a conference in New York, said he was not aware of any request to change the rule on satellite radio licensing ownership, which currently prohibits one entity from owning both licenses.

He said he was not aware of any request to change the rule, and declined to comment on the specifics of any potential satellite radio merger.

XM and Sirius shares jumped on his comments. XM was up 5 percent at $16.22 while Sirius rose 4.4 percent to $4.03.

Please do your own research and buy and sell at your own risk. I am not a financial advisor.

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