Most Popular Articles
Sirius, XM Merger Clears DOJ
New York and Washington - Mar 24, 2008 - The U.S. Department of Justice (DOJ) has informed Sirius and XM that it has ended its investigation into the pending merger of the satellite broadcasters without taking action to block the transaction. This decision means the DOJ has concluded that the merger is not anti-competitive and it will allow the transaction to proceed. Sirius and XM each obtained stockholder approval in November 2007. The pending merger is still subject to approval of the Federal Communications Commission.
From the DOJ's ruling: "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 deal has been the subject of debate since it was proposed, and the National Association of Broadcasters has expended substantial resources to block the transaction. Many speculate that the FCC will not defy the DOJ's decision, although the FCC could impose certain restrictions to appease the opponents.
Acceptable Use Policy blog comments powered by Disqus
[an error occurred while processing this directive]
Today in Radio History
The history of radio broadcasting extends beyond the work of a few famous inventors.
EAS Information More on EAS
The feed provides feeds for all US states and territories.
Need a calendar for your computer desktop? Use one of ours.
Information from manufacturers and associations about industry news, products, technology and business announcements.
Browse Back Issues[an error occurred while processing this directive]
Also in the November Issue
- Trends in Technology: HD Radio Transmission Update
- Franken FM Stations
- Wi-Fi on Wheels: The Connected Car
- Field Report: Yamaha MG10XU
- Transmitter Site Cleanup