Re Sirius and XM Merging? | | I've read several statements by FCC commissioners because I was seriously (groan) considering accumulating Sirius stock, which was nowhere. I think it was $3/share or something silly. Then I looked at the combined financials and thought they might have a shot with reduced overhead.
Then the FCC gang said two different times that there was no way they would consider them as part of "radio", but as part of "satellite radio". If they were lumped in with all of radio, there is no real threat of monopoly. Taken as satellite radio, well, they rule the roost. I know Kevin Martin said he would oppose a merger. |