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CONTACT INFORMATION
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Division: CNBC
LATEST CNBC PRESS RELEASES
- CNBC PROGRAMMING CHANGE FOR TUESDAY, DECEMBER 1ST
- CNBC's Checkerboard Programming For The Week of December 7th (ALL TIMES ARE ET)
- A CNBC ORIGINAL, "THE BUBBLE DECADE," WILL PREMIERE ON DECEMBER 10TH (ALL TIMES ARE ET)
- CNBC'S PRIME TIME PROGRAMMING FOR THE WEEKEND OF DECEMBER 5TH & 6TH (ALL TIMES ARE ET)
- CNBC EXCLUSIVE: CNBC MEDIA ALERT: CNBC'S MARIA BARTIROMO SPEAKS WITH MARK HURD, HEWLETT-PACKARD PRESIDENT & CEO, TODAY ON CNBC'S "CLOSING BELL WITH MARIA BARTIROMO"
- CNBC PRESENTS "MEETING OF THE MINDS: REBUILDING AMERICA" ON WEDNESDAY, DECEMBER 2ND AT 8PM ET
CNBC Press Releases
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KEVIN MARTIN: THAT MERGER HAS BEEN IN FRONT OF US FOR AWHILE. IT'S A DIFFICULT ISSUE FOR THE COMMISSION. WE HAD A RULE IN PLACE THAT WOULD SAY THE TWO COMPANIES COULDN'T MERGE WHEN WE AUCTIONED OFF THAT SPECTRUM. THEY HAVE COME IN AND ASKED FOR US TO CHANGE THAT RULE AND PUT FORTH DIFFERENT SEVERAL PUBLIC INTEREST COMMITMENTS THAT THEY WOULD BE WILLING TO MAKE CAPPING THEIR PRICES FOR A CERTAIN PERIOD OF TIME AND OFFERING CONSUMERS TO PICK AND CHOOSE CHANNELS THEY WOULD WANT TO HELP LOWER THEIR PRICES. WE'RE LOOKING AT THAT. I THINK THE COMMISSION WILL DO SOMETHING ON IT SOON.
DAVID FABER: AREN'T YOU UNDER SOME OBLIGATION HERE TO FINALLY GIVE -- IT'S BEEN A YEAR AND A HALF. HOW IS IT POSSIBLE IT CAN BE SO LONG TO REVIEW A POTENTIAL DEAL AND AREN'T YOU UNDER AN OBLIGATION TO ANSWER THESE GUYS IF NOT TODAY, TOMORROW, OR VERY SOON?
MARTIN: I THINK WE ARE UNDER AN OBLIGATION BUT THIS IS AN UNUSUAL CIRCUMSTANCE. WE HAVE A RULE THAT ACTUALLY PROHIBITS THIS MERGER. THIS WAS UNLIKE ANY OTHER MERGER THAT'S COME IN FRONT OF US. WE HAVE A RULE THAT WOULD PROHIBIT IT FROM GOING FORWARD. I THINK THAT THEY'RE ASKING FOR SOMETHING EXTRAORDINARY AND THE COMMISSION IS TAKING A LOOK AT IT. WE'LL GET BACK TO THEM SOON.
BURNETT: CHAIRMAN MARTIN, THANK YOU FROM ALL OF US.
About CNBC:
CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.
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