Liberty Application to Control Sirius Gets Rejection by FCC
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The U.S. Federal Communications Commission dismissed an application by John Malone’s Liberty Media Corp. for permission to control Sirius XM Radio Inc.
The request made March 20 fueled speculation Malone wants to increase his stake in Sirius, the largest U.S. satellite radio company, and spin it off. The application isn’t acceptable because Liberty Media couldn’t get passwords and other information from Sirius, the agency said today in a letter distributed by e-mail.