FCC Chairman Kevin Martin told reporters late Friday that he would like to complete the review by the time the FCC meets in Boston in two weeks. Regulatory observers expect the FCC to impose similar programming conditions the agency put on the transfer of ownership of DirecTV from General Motor Corp.'s Hughes Electronics Corp. to News Corp. in 2004. Additionally, Liberty chairman John Malone also is expected to have to sell a stake he has in a Puerto Rican cable operator because it would conflict with DirecTV's existing service to the island. - Ron Orol
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Ron Orol is a Washington-based reporter for The Deal and author of Extreme Value Hedging: How Activist Hedge Fund Managers Are Taking on the World.
