Tuesday, March 25, 2008

Radio News

XM Sirius Merger Approved : CMR: "Arlington (CMR) - According to media reports Monday, the U.S. Department of Justice has approved the merger of Shareholders of Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc.

“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 department said..."

Given its history, its hard to a believe a Bushland FCC approved this. Wonder why?

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