Sirius/XM Merger Makes Headway
I personally did not think the Satellite merger of Sirius and XM would be approved. Information was recently released that FCC chairman Martin supports the merger.
As I’ve indicated before, this is an unusual situation,” Martin said in a statement. “I am recommending that with the voluntary commitments they (the companies) have offered, on balance, this transaction would be in the public interest.”
I personally feel that a merger is not in the public interest, but benefits XM and Sirius operationally. While agreeing to a price freeze for three years, the price will still raise. What may be good for consumers is an a la carte pay structure, where users only pay for the channels they use.
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