-----Original Message-----
From: Radio World <[EMAIL PROTECTED]>
To: [EMAIL PROTECTED]
Sent: Mon, 24 Mar 2008 12:40 pm
Subject: Breaking News: DOJ Okays Sirius-XM
Breaking News
Brought to you by:
Radio World Newspaper
The Newspaper for Radio Managers and Engineers
DOJ Okays Sirius-XM
The Department of Justice has approved the XM-Sirius merger.
After more than a year of deliberation, and examining reams of documents, the
DOJ said in its decision today it decided "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 DOJ continued, "The division reached this conclusion because the evidence
did not show that the merger would enable the parties to profitably increase
prices to satellite radio customers for several reasons, including: a lack of
competition between the parties in important segments even without the merger;
the competitive alternative services available to consumers; technological
change that is expected to make those alternatives increasingly attractive over
time; and efficiencies likely to flow from the transaction that could benefit
consumers."
The FCC has yet to release its decision.
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