Wednesday, January 24, 2007
Sirius, XM Merger Still Possible
I missed this, but apparently one day after the FCC head so there was no way in hell they would ever approve a merger between the Sirius and XM satellite radio companies (even though they have tons of competition from terrestrial and cable radio and the internet), he turned around and said, "Well, the rules could always be changed to allow it." He was wrong before (there is no antitrust issue, unless you foolishly consider one form of sending radio to people inherently different and noncompetitive with terrestrial and cable radio). He's probably wrong now to think rules need to be changed. But in any case it's only a matter of time.