XM - Sirius Merger (finally) approved by DOJ
#1
03-24-2008, 08:14 AM
Join Date: Apr 2006
Location: The other side of the coin
Posts: 9,368
XM - Sirius Merger (finally) approved by DOJ
XM-Sirius merger approved by DOJ
Justice Department gives thumbs up to satellite radio merger more than one year after it was first announced.
EMAIL | PRINT | DIGG | RSS March 24, 2008: 3:17 PM EDT NEW YORK (CNNMoney.com) -- The U.S. Justice Department approved the merger between satellite radio companies Sirius and XM Monday, more than a year after the two companies first announced their deal. In its decision, the Department of Justice had to determine whether an XM-Sirius merger was anti-competitive, or if other media companies such as Clear Channel (CCU, Fortune 500), CBS (CBS, Fortune 500), or even Apple (AAPL, Fortune 500) with its iTunes software and iPod music player served as alternate options for music and media customers. The Federal Communications Commission must also approve the deal before it can officially be completed. The FCC has yet to make a decision on the deal. The merger would combine the nation's only two satellite radio companies and create a company with about 14 million subscribers. It would bring together Sirius' most well-known content, including Howard Stern and National Football League games with XM's Major League Baseball as well programming from Oprah Winfrey. Shares of XM (XMSR) and Sirius (SIRI) both rose after the announcement.
#2
03-24-2008, 08:18 AM
Re: XM - Sirius Merger (finally) approved by DOJ
Originally Posted by Rev.Vassago
Justice Department gives thumbs up to satellite radio merger more than one year after it was first announced.
#3
03-24-2008, 08:29 AM
Join Date: Apr 2006
Location: The other side of the coin
Posts: 9,368
Re: XM - Sirius Merger (finally) approved by DOJ
Originally Posted by MadFox
Originally Posted by Rev.Vassago
Justice Department gives thumbs up to satellite radio merger more than one year after it was first announced.
#4
03-24-2008, 08:41 AM
Re: XM - Sirius Merger (finally) approved by DOJ
Originally Posted by Rev.Vassago
I think this will be one of the provisions required by the FCC - that rates do not increase for a set period of time.
#5
03-24-2008, 10:39 AM
#6
03-24-2008, 11:27 AM
And if the rates do go up, just cancel and go back to regular radio. There are some stations that still play very few commericals. Have 1 locally that might play about 5 minutes worth of commericals in an hour while 2 others play about 25 minutes worth.
#7
03-24-2008, 01:00 PM
Originally Posted by Mr. Ford95
And if the rates do go up, just cancel and go back to regular radio. There are some stations that still play very few commericals. Have 1 locally that might play about 5 minutes worth of commericals in an hour while 2 others play about 25 minutes worth.
__________________
My facebook profile: http://www.facebook.com/malaki86
#9
03-26-2008, 02:44 AM
Re: XM - Sirius Merger (finally) approved by DOJ
Originally Posted by Rev.Vassago
I think this will be one of the provisions required by the FCC - that rates do not increase for a set period of time.
Part of the bargaining with the DOJ was for them to offer an inexpensive option. They've detailed it somewhat in many articles. What this means for consumers Both companies charge their customers a $12.95 per month subscription fee for their most basic packages. Some have feared that if Sirius and XM are allowed to merge, the two companies would raise the monthly price. However, the companies said last year that they would be willing to offer a so-called "a la carte" price plan where consumers could pick certain packages ranging from $6.99 a month to $16.99 a month. The two companies have also maintained that a combined service offering the best of both companies' offerings will cost less than the $25.90 a month that a consumer would currently have to pay to subscribe to both Sirius and XM." XM-Sirius merger approved by DOJ - Mar. 24, 2008
#10
03-26-2008, 02:49 AM
Originally Posted by homealone3
Rev. are you the new CAD owner?
:lol: OMG. An off the cuff remark and this is what happens. :roll: This is worse than ch. 19. :shock:
__________________
Find something you like to do, be the best at it you can be, the money will come. |
