Well the US Department of Justice FINALLY approved the Sirius-XM merger.
It's about damned time!
The fact that it took longer for the DOJ to approve this merger
than it did for Exxon-Mobile is a disgrace. The delay had
everything to do with bashing Howard Stern as the bad-boy
of Radio and letting both companies know who is boss.
The idea that this merger was, in any way, anti-competitive
is simply foolish. Electronic media offers all kinds of delivery
systems for entertainment and news. Both Sirius and XM
have had to compete with all of them.
The National Association of Broadcasters even made the
specious claim that the merger would create a monopoly.
I guess the NAB hadn't heard of iPods or the Internet.
The fact that they have thrown so much money around
lobbying against the merger is telling.
Jim Cramer called them out on his TV show and rightly so.
He also called out the politicians in the pocket of the NAB.
The FCC will be hard pressed now to not approve this merger.
Let's get on with it.
As a Howard Stern fan and Sirius subscriber, I can't wait.
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