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XM/Sirius Merger a Go: What It Means To You
XM and Sirius just cleared the largest (and longest) hurdle on their path to getting all conjoined: The Justice Department officially okayed Sirius's $5 billion buyout of XM. They said that the growth of mobile broadband "made it even more unlikely that the transaction would harm consumers in the longer term," squashing arguments from radio and broadcasting groups the merger would be anti-competitive. The DoJ thumbs up makes the merger more likely to happen, which Sirius CEO Mel Karmazin has repeatedly promised will make for cheaper, better programming. More »
An analyst at Cowen & Company is pegging the chances of the XM/Sirius merger netting government approval at "70 percent plus," with a saucy number cruncher at Citigroup putting the odds at 69 percent. Regardless, it's a sexier picture for pro-merger folks than it was several months ago. [Orbitcast]
merger mania
Wall Street, Analysts Beginning to Bet on XM/Sirius Merger
The long-lobbied-for XM/Sirius merger is starting to pick up some optimistic vibes from Wall Street and analysts, who are beginning to think it might just happen. In fact, one analyst group, Cowen & Co., not only says that the odds are the "best ever," they're wagering on FCC approval before Dec. 4, possibly as early as next month. Of course, analysts' words are far from gospel, but the mood toward the merger seems much sunnier than it did months ago, so keep your ears open. [Orbitcast]
portable media
NAB's XM/Sirius Satellite Radio Merger Poo-Pooing Debunked
According to a new study by Arbitron and Edison Media Research, the National Association of Broadcasters' fears of a merged satellite radio company unfairly competing with terrestrial broadcasters are mostly unfounded, since digital radio listeners actually listen to more traditional radio than everyone else. The NY Times writes that "The data suggest that, generally speaking, fans of digital radio are seeking to supplement, not replace, traditional radio." More »
portable media
NAB President: XM-Sirius Merger "Not About the Consumer"
Today, Sirius CEO Mel Karmazin hit Capitol Hill again to tell a Senate committee that the proposed merger would bring "more choice, lower prices" to consumers since it's trying to compete with a larger ecosystem that includes traditional radio and MP3 players. Yet at NAB '07 yesterday, NAB President David Rehr told attendees that it "certainly would not be in the consumer's benefit." More »
home entertainment
Totally Unbiased National Association of Broadcasters Ad Slams SiriusXM
The National Association of Broadcasters is such a great consumer organization. They're totally looking out for consumers by warning us about this impending Sirius/XM satellite radio monopoly. I mean, it's not like the National Association of Broadcasters has any interest at all in the upcoming merger, so what reason do they have to be opposed to it except caring about our well-being? More »
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