Go Back   Eurocardsharing > General Discussions > General Satellite News > Latest Satellite News

Latest Satellite News Discussion, Update More Noise on XM/Sirius Deal at General Satellite News forum; More Noise on XM/Sirius Deal More debate about the pending satellite radio merger took place late last week at the ...

LinkBack Thread Tools Display Modes
Update More Noise on XM/Sirius Deal
Bacteria's Avatar
Posts: 96,016

Level: 124 [♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥♥ Bé-Yêu ♥]
Life: 4638 / 4638
Magic: 32005 / 90533
Experience: 68%

Thanks: 1,107
Thanked 5,577 Times in 1,419 Posts
Join Date: Oct 2006
Age: 35
Update More Noise on XM/Sirius Deal - 07-April-2008, 12:40

More Noise on XM/Sirius Deal

More debate about the pending satellite radio merger took place late last week at the Federal Communications Commission, with both sides weighing in with their opinions about the deal.

XM and Sirius continue to wait for the merger's final hurdle - FCC approval of their combination. According to a filing at the agency, representatives from both companies met with FCC Chairman Kevin Martin about the deal last week, asking for prompt approval of their transaction. Specifics about what was discussed at the meeting were not detailed in the filing.

Meanwhile, Sen. John Kerry (D-Mass.) last week wrote Martin and the commission about the merger, saying the deal would not be in the public interest and that he had "serious concerns remain as to how this merger will impact consumers if it is permitted to go forward."

Kerry added, "To the extent that this merger would permit the only two entities authorized to provide satellite radio service in the United States to merge, it would seem to directly contradict the intent of the commission in establishing this service."

Also, representatives from the Consumer Coalition for Competition in Satellite Radio approached FCC staff about the merger, including the deal's recent approval from the Justice Department's antitrust division.

In its comments, the coalition said the DOJ approval "failed to give proper weight to the substantial evidence of direct competition between Sirius and XM." The Justice Department cleared the XM/Sirius merger on March 24.

The coalition added, "Competition between XM and Sirius is the very reason why neither entity has unilaterally increased prices or commercial time, so the FCC should not disregard the harms to consumers that will result from the proposed merger. Competition is the only protection against increases in prices and increases in commercial time on satellite radio."
Reply With Quote


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

Forum Jump

ECS on RSS ECS on Twitter ECS on Facebook ECS on Youtube
Follow us on:

Powered by vBulletin
Copyright 2002 - 2010, Jelsoft Enterprises Ltd.
SEO by vBSEO ©2011, Crawlability, Inc.