Tuesday, October 30, 2007

Copyright Royalty Board Decision by December 17

Mel Karmazin, CEO Sirius, said today:

You've heard a little bit about the royalty proceeding and that royalty proceeding covers the period from January 1, 2007 to the end of 2012. The trial associated with that came to a close about two weeks ago and we expect the copyright royalty board judges to reach a decision in mid-December.

As we have been following the development of the Copyright Royalty Board, we can corroborate this statement. Late this morning, we received the following statement in an email from the Copyright Royalty Board:

The Judges will be issuing their determination by no later than December 17, 2007.

So, before Christmas, XM and Sirius will either have their Christmas presents or their lumps or coal.

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