Primestar Partners Delays Going Public

Satellite broadcaster Primestar Partners said Thursday it will delay plans to become a publicly traded company because regulatory approval is taking longer than expected.

Primestar, a consortium of several major cable companies, will instead combine some of the individual companies’ satellite businesses into one privately held corporation called Primestar Inc. by the end of March.

The new company will then go public if the Federal Communications Commission allows it to absorb high-powered satellite licenses owned by TCI Satellite Entertainment, one of the partners.