XM-Sirius merger approved by DOJ

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  • Pete-KT
    Workin With The Devil
    • Oct 2004
    • 51532
    #1

    XM-Sirius merger approved by DOJ

    http://money.cnn.com/2008/03/24/news...ion=2008032415


    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.

    XM-Sirius hopes rise

    Static in the satellite radio market
    Tags: None
    • Vegas Ken
      Confirmed User
      • Sep 2006
      • 4151
      #2
      About freaking time!
      Skype: vegas_ken

        Comment

        • PR_Sebas
          Confirmed User
          • Dec 2006
          • 2825
          #3
          yah, that did take awhile... both their stocks are up a bit...

            Comment

            • duff
              Confirmed User
              • Sep 2006
              • 248
              #4
              I've been hanging on for 2 years, this should make it all worth it.

                Comment

                • Chris
                  Too lazy to set a custom title
                  • May 2003
                  • 27880
                  #5
                  saw that this afternoon
                  hopefully this means cheaper units
                  i want my howard stern but im not paying out the ass for a home unit
                  [email protected]

                    Comment

                    • LauraLee
                      Confirmed User
                      • Sep 2003
                      • 3821
                      #6
                      Me so happy. Now I need it to rise like a balloon

                      Priority Payout
                      skype lauralee.bunker
                      LL's Email

                        Comment

                        • Ninja_Pete
                          Confirmed User
                          • Mar 2007
                          • 585
                          #7
                          Awesome friggen news! Hopefully my stocks make some $ now
                          The Wet Peach | Melissa Matters | Wet Peach Cash | Porns Best Girls | Corin Riggs Online

                            Comment

                            • tranza
                              ICQ: 197-556-237
                              • Jun 2003
                              • 57559
                              #8
                              I guess that's good news...
                              I'm just a newbie.

                                Comment

                                • Sosa
                                  In Tushy Land
                                  • Oct 2002
                                  • 40149
                                  #9
                                  Hopefully they won't jack up the price

                                    Comment

                                    • munki
                                      Do Fun Shit.
                                      • Dec 2004
                                      • 13393
                                      #10
                                      I want that fucking satellite network...

                                      “I have the simplest tastes. I am always satisfied with the best.” -Oscar Wilde

                                        Comment

                                        • Honez
                                          Confirmed Brat
                                          • Apr 2003
                                          • 6636
                                          #11
                                          Originally posted by Sosa
                                          Hopefully they won't jack up the price
                                          That's what I am worried about. There won't be a competitor to turn to.
                                          Your Paysite Partner
                                          Hone at YourPaysitePartner dot Com
                                          Skype - Stressmonkey

                                            Comment

                                            • Burnt Bacon
                                              Confirmed User
                                              • Feb 2008
                                              • 211
                                              #12
                                              Howard Stern was using this merger as one of the selling points to switch over while he was still on terrestrial radio.

                                                Comment

                                                • CyberHustler
                                                  Masterbaiter
                                                  • Feb 2006
                                                  • 28750
                                                  #13
                                                  sirius > xm
                                                  “If you can convince the lowest white man he’s better than the best colored man, he won’t notice you’re picking his pocket. Hell, give him somebody to look down on, and he’ll empty his pockets for you.”

                                                    Comment

                                                    • WiredGuy
                                                      Pounding Googlebot
                                                      • Aug 2002
                                                      • 34512
                                                      #14
                                                      Without any competition left, whats to stop them from raising the prices?
                                                      WG
                                                      I play with Google.

                                                        Comment

                                                        • GatorB
                                                          The Demon & 12clicks
                                                          • Oct 2001
                                                          • 18208
                                                          #15
                                                          Originally posted by Honez
                                                          That's what I am worried about. There won't be a competitor to turn to.
                                                          Sure there is. There are plenty of options for one to listen to music if satellite radio price is too high. One would be regular radio which is already free. A duopoly does not competition make anyways. I have 2 ISPs that provide broadband in my area. Both have said they won't compete on price. Isn't that something competition is supposed to do, lower prices? And both have been true to their word.

                                                            Comment

                                                            • GatorB
                                                              The Demon & 12clicks
                                                              • Oct 2001
                                                              • 18208
                                                              #16
                                                              Originally posted by WiredGuy
                                                              Without any competition left, whats to stop them from raising the prices?
                                                              WG
                                                              You need to understand without the merger, within 3 years one or both would be out of busniess.

                                                                Comment

                                                                • RevSand
                                                                  Confirmed User
                                                                  • Oct 2003
                                                                  • 8151
                                                                  #17
                                                                  Originally posted by GatorB
                                                                  You need to understand without the merger, within 3 years one or both would be out of busniess.
                                                                  Yep.. That's the way I see it also.. Neither one has been profitable on their own..


                                                                  BadBitchesGoodWeed


                                                                  Hire me for all your video shooting needs!!
                                                                  Skype = RevSandx

                                                                    Comment

                                                                    • snaker
                                                                      Confirmed User
                                                                      • Mar 2005
                                                                      • 1281
                                                                      #18
                                                                      Nice - Siruius is bleeding!
                                                                      My Best Sponsors: Naughty Revenue | Get Score Cash | Thick Cash

                                                                        Comment

                                                                        • Jim_Gunn
                                                                          Confirmed User
                                                                          • Feb 2003
                                                                          • 5702
                                                                          #19
                                                                          Originally posted by WiredGuy
                                                                          Without any competition left, whats to stop them from raising the prices?
                                                                          WG
                                                                          Unlike cable tv/satellite tv, the two satellite radio companies have completely different content from each other so there was no direct competition anyway. But both companies promised the DoJ that they wouldn't raise prices for consumers and also made some other promises regarding how they will do business if the merger were to go through.

                                                                            Comment

                                                                            • kane
                                                                              Too lazy to set a custom title
                                                                              • Aug 2001
                                                                              • 20684
                                                                              #20
                                                                              Originally posted by WiredGuy
                                                                              Without any competition left, whats to stop them from raising the prices?
                                                                              WG
                                                                              There is a ton of competition. Ipods, free radio and internet radio to name a few and you can get most of the competition for free. The CEO of Sirius, Mel Karmazen, has said that the merger will let them lower the price and they will offer different packages and even an ala carte style system where for around $6 a month you can pick the 20 channels you want (or something of that nature).

                                                                              This is a huge blow to free radio though because now satellite has all the major sports, over 100 channels of commercial free music and guys like Stern, playboy radio and Martha Stewart. I can see why free radio put up such a huge fight to keep this merger from happening.

                                                                                Comment

                                                                                • TCSMatt
                                                                                  Confirmed User
                                                                                  • Feb 2008
                                                                                  • 126
                                                                                  #21
                                                                                  Sirius is the best thing to happen to radio ever. I have it in my car, and also pay a paltry 2.99 extra to get streaming content to my desktop. CD quality, diverse seletion of genres/music, uncensored Stern, and limited commercials.
                                                                                  When I try to listen to terrestrial stations I get pissed due to all the shitty commercials and jerk off announcers. At that point I go college radio if I have to...
                                                                                  >>>>>> Killer DVD Content!

                                                                                    Comment

                                                                                    • tony299
                                                                                      lurker
                                                                                      • Aug 2002
                                                                                      • 57021
                                                                                      #22
                                                                                      I wonder what the monthly price will be?

                                                                                        Comment

                                                                                        • Furious_Male
                                                                                          Doing the grind since 99
                                                                                          • Oct 2003
                                                                                          • 16884
                                                                                          #23
                                                                                          Still waiting on FCC approval but it should go through. Its about time I have been holding shares of both of these POS companies for years now. I hope as one they can at least start to break even by 2009.
                                                                                          Living in Virtual Reality
                                                                                          Contact: Email (preferred): furiousmale .at. gmail - Skype: live:shanedws

                                                                                            Comment

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