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FCC seeks public opinion on XM-Sirius merger

Written by James Delahunty (Google+) @ 09 Jun 2007 5:52 User comments (14)

FCC seeks public opinion on XM-Sirius merger The Federal Communications Commission (FCC) issued a public notice on Friday, looking for comments on the proposed merger of XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc. The proposed merger, which is values at $4.7 billion, has seen a lot of industry lobbying, congressional hearings and intensive Wall Street analysis since it was announced back on February 19th.
The FCC is trying to determine whether it is in the public interest for both licenses to be controller by a single company. In 1997, the FCC granted each company a license which stated that one licensee will "not be permitted to acquire control" of the other. The clause was there to ensure "sufficient continuing competition."

The proposed merger is subject to approval by theDepartment of Justice, which will examine possible competitive harm from the combination. The acceptance of the applications for filing starts an informal "shot clock" at the FCC. The FCC tries to finish its its review of mergers within 180 days.

If it is to succeed, the Department of Justice will have to conclude that the merger of the country's only two Satellite Radio providers can not be considered anticompetitive and the FCC would have to allow both to break the condition of the licenses that forbids such a merger. In their defense, Sirius and XM say that a lot has changed in 10 years and now satellite radio competes with all forms of "audio entertainment," including HD Radio, MP3 players and even mobile phones.

The FCC says that interested parties must file initial comments by July 9. Replies to comments are due by July 24. Comments may be filed via e-mail and should include docket number 07-57.

http://www.fcc.gov/cgb/ecfs

Source:
Yahoo (AP)

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14 user comments

19.6.2007 8:24

Let them merge. It will be the best of both radios in one company. Stern Rules!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

29.6.2007 12:00

F**k Stern, O and A Party Rocks.

39.6.2007 13:23

opie and anthony are garbage they always cry about howard stern and howard doesnt even care about them since they dont bring anything to the table but a few thousand listeners why howard brings millions lol....they even asked howard to back them up over the one month suspen. they got as well...back to the topic got side tracked as for the merger would be great figuring u get the best of both worlds nascar baseball football tons of commercial free music stations an so on with comdey stations cant go wrong with merging and with 12-13 million susbscribers maybe prices would drop with it .....gotta love real free radio

49.6.2007 13:57

I say let em merge. Give me football on the radio when im driving and whatever else good they have on Sirius.

59.6.2007 15:55

Here's my impresion of stern, "can I see your boobs". O&A weren't asking for sterns help, I dont know how he spun it, they wanted to stop all the bullsh*t and go after the f**ks that are getting shock jocks fired. There suspention happend a week after that. O&A has a 36mill. listener base, your right got to love free radio. ;)

69.6.2007 18:58

I say as long as the service does not go down and actually improves why not let them get together.

79.6.2007 19:43

I would love to get the best of both services, my only concern is that the price doesn't rise.

89.6.2007 19:58

merge, then add a crap load of commericals to make Xm free just like regular radio!

910.6.2007 10:12

The price will surely go up. They could name their price, since there wont be any competition between them if they merge.

1011.6.2007 8:11

The price is less of an issue, since it's still determined by the market. But further competition/innovation might be serverely hindered. I'd say prevent merger, let them compete by producing higher quality stuff. Consumers' gain eventually.

1115.6.2007 13:34

Why are my tax dollars being spent to manage private companies??? LEAVE THEM ALONE! If they merge, the consumers will decide, JUST LIKE THEY'RE DECIDING RIGHT NOW. What's the point of asking opinions on something that doesn't even exist? If the consumers like the merge, the company will survive & adapt. If they don't, the merged company will fail, just like the 2 of them are doing right now.

1218.6.2007 5:19

Originally posted by Steve83:
Why are my tax dollars being spent to manage private companies??? LEAVE THEM ALONE! If they merge, the consumers will decide, JUST LIKE THEY'RE DECIDING RIGHT NOW. What's the point of asking opinions on something that doesn't even exist? If the consumers like the merge, the company will survive & adapt. If they don't, the merged company will fail, just like the 2 of them are doing right now.
It's not as simple as that. Monopoly is bad for the market, bad for consumers, and govern't gets less as taxes. It's just anti-trust at work here.

1318.6.2007 8:56

If they merge, the subcription price will probably go up.

1430.7.2007 21:28

If the price stays the same or goes down, then I'm all for it.

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