03/29/2008 05:12 am ET | Updated May 25, 2011

FCC Nearing Decision On Sirius-XM Merger

Federal Communications Commission Chairman Kevin Martin asked his staff to draft documents on the planned merger of Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc., signaling the agency is nearing its decision on whether to approve the deal.

At a news conference Thursday, Mr. Martin said he had asked his staff to draft a document incorporating a variety of possible outcomes for the merger proposal. He didn't go into specifics about what he asked his staff to draft, and said he hadn't made a decision on the outcome.

"I have the staff drafting various options," Mr. Martin said. "I haven't figured out what I think we should do on it yet."

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