February 20, 2007

Sirius and XM Satellite Proposed Merger

Posted at February 20, 2007 10:47 AM in News .

The latest news in the radio industry is that Sirius satellite and XM satellite radio have announced a plan to combine forces and merge. Currently, they are the only two paid subscription services of their type in the country.

Rhian says.... there is no way in hell this will be approved. This is what we know as ... let's say it together ... a MONOPOLY.
See, the thing is when these channels were allocated by the FCC there were apparently rules set forth dictating that there cannot be one entity owning both licenses.

As is typically the case, both companies are saying that it will be a great thing for the consumer. HaHa. Since when was no competition a good thing for a consumer. Let's get real here. This is going to be an interesting one. The NAB (National Association of Broadcasters), a organization which represents the broadcast community has come out strong against the proposed plan.

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