Sirus XM Merger Gets Approval
The long awaited Sirius/XM Satellite Radio merger has came one step closer to reality. The Justice Department has cleared the way. Now the merger has to get FCC approval. Will this be better for consumers of satellite radio? Only time will tell. But I was taught in Economics 101 that competition is good for consumers. “After a careful and thorough review of the proposed transaction, the Division concluded that the evidence does not demonstrate that the proposed merger of XM and Sirius is likely to substantially lessen competition, and that the transaction therefore is not likely to harm consumers,” the Justice Department’s antitrust division wrote in a statement.
