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TheStreet Open House

FCC Still Battling Sirius

Updated from 7 a.m. EDT

By Stockpickr Guest Columnist Gino Lattarulo

There is talk that the FCC may still mandate Sirius XM (SIRI) receivers be HD-capable. It just can't leave well enough alone, can it?

Of course, the notice of inquiry comes from Clear Channel (CCU) and iBiquity itself, which is producing the HD system. Shocking, I know.

I say, sure, let them do it. But pay the owners of satellite technology and the manufacturers of the receivers for the right to do it. Otherwise, use your own money to develop the separate HD receiver and do it the hard way, as Sirius did. Then Sirius can lobby against Clear Channel to make HD receivers satellite-capable. Fair is fair, right?

No. Of course not, my friends. Not when it comes to politicians, lobbyists and their manipulations.

To read more, please click here.

This article was written by a member of the Stockpickr community. Stock recommendations and comments presented on Stockpickr.com are solely those of the members quoted. They do not represent the opinions of Stockpickr.com on whether to buy, sell or hold shares of a particular stock. Members should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into a member's stock analysis or opinion. All members are advised to conduct their own independent research into individual stocks before making a purchase decision. In addition, investors are advised that past stock performance or portfolio performance is no guarantee of future price appreciation or performance. Furthermore, Stockpickr.com does not guarantee the accuracy or completeness of information on the site, nor does Stockpickr.com assume any liability for any loss that may result from reliance by any person upon any such information or recommendations. Such information recommendations are for general information only.

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