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Justice Dept Approves XM-Sirius Deal
Drudge ^
| March 24, 2008
Posted on 03/24/2008 12:39:16 PM PDT by khnyny
WASHINGTON (AP) - The Justice Department approved Sirius Satellite Radio's $5 billion buyout of rival XM Satellite Radio on Monday, saying the deal was unlikely to hurt competition or consumers. The deal was approved despite opposition from consumer groups and an intense lobbying campaign by the land-based radio industry.
The buyout received shareholder approval in November. The companies said the merger will save hundreds of millions of dollars in operating costs—savings that will ultimately benefit their customers.
The Justice Department, in a lengthy news release explaining its decision, said the two companies compete not just with each other but also with other forms of radio and entertainment.
(Excerpt) Read more at breitbart.com ...
TOPICS: Business/Economy; Front Page News; Government
KEYWORDS: doj; justicedepartment; radio; satelliteradio; sirius; xm
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1
posted on
03/24/2008 12:39:17 PM PDT
by
khnyny
To: khnyny
2
posted on
03/24/2008 12:42:13 PM PDT
by
NYC Republican
(John McCain- Snatching Defeat from the Jaws of Victory...)
To: NYC Republican
I’ll be curious to find out what this means for me the customer.
3
posted on
03/24/2008 12:44:29 PM PDT
by
MNlurker
To: NYC Republican
4
posted on
03/24/2008 12:46:26 PM PDT
by
bpjam
(Drill For Oil or Lose Your Job!! Vote Nov 3, 2008)
To: MNlurker
It would mean there are not enough $$$paaying customers
5
posted on
03/24/2008 12:46:48 PM PDT
by
bert
(K.E. N.P. +12 . Never say never (there'll be a VP you'll like))
To: NYC Republican
Yes, it is. We came very close to losing sat. radio all together.
6
posted on
03/24/2008 12:49:23 PM PDT
by
papasmurf
(WWOD? (What Would Obama Do?))
To: MNlurker
Supposedly, it would be menu-driven... meaning, the programs would be merged (many of the duplicate formats would be streamlined), and you have different pricing tiers... I think it’s a win for the consumer.
7
posted on
03/24/2008 12:49:25 PM PDT
by
NYC Republican
(John McCain- Snatching Defeat from the Jaws of Victory...)
To: NYC Republican
Now it’s the FCC’s turn. Let’s see how long this goes over there now.
8
posted on
03/24/2008 12:49:33 PM PDT
by
garbanzo
(Government is not the solution to our problems. Government is the problem.)
To: papasmurf
I love it. Can’t stand terrestial radio, and all of the commercials, except for talk radio...
9
posted on
03/24/2008 12:49:56 PM PDT
by
NYC Republican
(John McCain- Snatching Defeat from the Jaws of Victory...)
To: bert
When tech-savvy folks can download any music or recording for free via torrents, and burn them to CD or play via mp3 gizmos, it's hard to see their business model working.
They'll have to get monopolies on things like NFL football or such to give anyone a reason to fuss with them. IMHO.
To: MNlurker
It means rates will go up about 20-30%, and we’ll still get our Sat programs. I’ve always felt, that for the quality and quantity of the program, it was just not sustainable at those rates. I may have been correct.
11
posted on
03/24/2008 12:51:03 PM PDT
by
papasmurf
(WWOD? (What Would Obama Do?))
To: khnyny
To: MNlurker
I’ll be curious to find out what this means for me the customer. Me too. Any rise in monthly rates will lose me.
13
posted on
03/24/2008 12:54:27 PM PDT
by
OB1kNOb
To: MNlurker
same here. I love my XM radio.
14
posted on
03/24/2008 12:54:55 PM PDT
by
jbarkley
To: OB1kNOb
I hope I’ll be able to get NASCAR back on my XM.
15
posted on
03/24/2008 12:55:22 PM PDT
by
umgud
To: NativeNewYorker
When tech-savvy folks can download any music or recording for free via torrents, and burn them to CD or play via mp3 gizmos, it's hard to see their business model working.Not everbody uses sat radio for music. 75% of my listening is news or sports.
16
posted on
03/24/2008 12:57:04 PM PDT
by
umgud
To: MNlurker
Yeah, me too. I’m an XMer and love the Decades channels, but have contemplated adding Sirius for additional Oldies and sports. I’ve wondered if they will combine into one service with different packages to choose from.
To: OB1kNOb
Its free on our Dish (at least its included at no extra charge.)
18
posted on
03/24/2008 12:58:14 PM PDT
by
Eric in the Ozarks
(ENERGY CRISIS made in Washington D. C.)
To: khnyny
My question is: “If the goal is total coverage for wireless Internet (at least in the US) how is this a sustainable business model?”
19
posted on
03/24/2008 12:59:50 PM PDT
by
Mad Dawgg
("`Eddies,' said Ford, `in the space-time continuum.' `Ah,' nodded Arthur, `is he? Is he?'")
To: Eric in the Ozarks
Its free on our Dish (at least its included at no extra charge.) Sirius or XM? I get Sirius stations on my satellite TV, but XM in my car.
20
posted on
03/24/2008 1:01:45 PM PDT
by
OB1kNOb
(The Presidential election is a race to the bottom. Which Party will out stupid the other to lose ?)
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