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After a careful and thorough review of the proposed transaction, the Division concluded that the evidence does not demonstrate that the proposed merger of XM and Sirius is likely to substantially lessen competition, and that the transaction therefore is not likely to harm consumers. The Division reached this conclusion because the evidence did not show that the merger would enable the parties to profitably increase prices to satellite radio customers for several reasons, including: a lack of competition between the parties in important segments even without the merger; the competitive alternative services available to consumers; technological change that is expected to make those alternatives increasingly attractive over time; and efficiencies likely to flow from the transaction that could benefit consumers.[DOJ]
XM-Sirius merger approved by Feds
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12:24 PM on Mon Mar 24 2008
By Jordan Golson
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9 comments
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Thanks, Bush! This decision clearly establishes a monopoly in music delivery. Thanks to the FCC's shortsightedness, my only alternatives are to listen to the radio or an iPod or play CDs or MP3s or MP3 CDs, or DVDs, or stream music over the Internet off my EVDO card.
This bullshit. That is all.
Monopoly in Music Delivery? Haven't you ever heard or terrestrial radio?
There was absolutely no reason that it took so long other than ClearChannel lobbying so hard to block it.
ok..now we only need google to buy yahoo and we are set.
Coke should buy Pepsi too
And this is why I bought XM stock in the middle of February.
Ten word version:
"Receiving radio programs over satellite dish? Never heard of it."
Well... my sympathies to those whom are about to be royally screwed by this.
@TheRealTruth: Kind of, uh, humor-impaired there.
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