[3AngelaD]

Clear Channel can own 1,200 radio stations in the U.S. that these two companies have to compete with, yet their merger is a monopoly?

[NC28203]

>>>Clear Channel can own 1,200 radio stations in the U.S. that these two companies have to compete with, yet their merger is a monopoly? Market definition is the key in these antitrust arguments and this is the first attempt to set the boundaries by those opposing the merger. Those supporting the merger will devlop a similar study defining the market much more broadly, likely including broadcast and internet radio.
For example, when Alcoa sought to purchase Reynolds there were concerns by opponents that the combined company would have to large a share of the aluminum foil market. Proponents of the merger argued that the aluminum foil market was too small a definition and that the more appropriate definition would include plastic wraps as well.