Sirius, XM Merger Clears DOJ

        Radio on FacebookJoin us on Facebook

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

Milestones From Radio's Past

The history of radio broadcasting extends beyond the work of a few famous inventors.

EAS Information More on EAS

NWS XML/Atom Feed for CAP Messages

The feed provides feeds for all US states and territories.

Wallpaper Calendar

Radio 2014 Calendar Wallpaper

Need a calendar for your computer desktop? Use one of ours.

The Wire

A virtual press conference

Information from manufacturers and associations about industry news, products, technology and business announcements.

Join Us Facebook Twitter YouTube LinkedIn
Radio magazine cover

Current Issue

National Public Radio

Building For The Future

Browse Back Issues

[an error occurred while processing this directive]