AAPL Stock: 117.81 ( -0.22 )

Printed from

Justice Department approves XM-Sirius merger

updated 11:05 pm EDT, Mon March 24, 2008

XM-Sirius merger approved

The US Federal Justice Department today approved the highly controversial XM-Sirius merger, with some in the industry claiming that despite over 10 years of rebellious behavior against the FCC, the decision will grant monopoly status to the two companies. Just over a month ago, the two satellite radio content providers had officially announced the desire to merge, which many Sirius shareholders voted to approve.

The National Association of Broadcasters has disapproved of the merger since its conception.

"We are astonished that the Justice Department would propose granting a monopoly to two companies that systematically broke FCC rules for more than a decade," said NAB executive VP Dennis Wharton. "To hinge approval of this monopoly on XM and Sirius's refusal to deliver on a promise of interoperable radios is nothing short of breathtaking."

by MacNN Staff



Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Ultimate Ears Megaboom Bluetooth Speaker

Ultimate Ears (now owned by Logitech) has found great success in the marketplace with its "Boom" series of Bluetooth speakers, a mod ...

Kinivo URBN Premium Bluetooth Headphones

We love music, and we're willing to bet that you do, too. If you're like us, you probably spend a good portion of your time wearing ...

Jamstik+ MIDI Controller

For a long time the MIDI world has been dominated by keyboard-inspired controllers. Times are changing however, and we are slowly star ...


Most Commented