FCC Gives Sirius XM Four Weeks To Lease Channels

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The FCC has given Sirius XM another four weeks to come up with a plan to lease out 4% of its channels to qualified designated entities.

That was one of the conditions the FCC put on its July 2008 approval of the merger of the two.

In February, the FCC's Media Bureau sought comment on how the leasing condition should be implemented and set May 29 as the compliance deadline for Sirius XM.

It mas moved that to June 29, and has promised to get out its own implementation order for the leasing conditions "in the very near future."

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