All Posts: merger


WASHINGTON, DC -- Upon learning of the Federal Communications Commission's approval of the proposed monopoly-merger of XM and Sirius Satellite Radio by a 3-2 vote, NAB Executive Vice President Dennis Wharton issued the following statement:

"Today's vote certainly comes as a disappointment to NAB. We continue to believe that consumers are best served by competition rather than monopolies."

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NAB calls merger a "wrong headed monopoly"

After the anti-trust department of the Department of Justice okayed the merger of XM and Sirius satellite companies it would have seemed only a matter of a political rubber stamp from the FCC to complete the deal.  Both Democrats on the Commission, Adelstein and Copps have indicated they would vote no while Republican members, Chairman Martin and Commissioner McDowell would vote to okay the deal. Th...
Technically, it's Sirius Satellite Radio buying out XM Satellite radio for $5 billion.  The Justice Department anti-trust division okayed the merger this morning, saying it was unlikely to harm consumers.  The deal was approved despite heavy opposition from the NAB and many consumer groups. Shareholders on both sides had approved the deal last November, noting that it would save hundreds of millions in operating costs. The DOJ said the...
A two week poll of broadcasters on the New Radio Star front page showed that 66.13% believe that a merger of XM and Sirius satellite would hurt broadcast radio.  33.87% said they didn't think it would....
(June 10, 2007) The Federal Communications Commission issued a public notice on Friday on the merger of XM and Sirius.  This officially
starts the clock ticking for the next 180 days when the FCC will
decide whether to okay the proposed new satellite radio joint venture.
The announcement opens the door for the public (anyone) to comment
until December.
  Of course that's only the beginning for Karmizon and company.  They must also get past the Justi...