Congress Voices Opposition To Sirius/XM Merger
By Amy Gilroy -- TWICE, 6/19/2007
Washington - Seventy-two members of Congress expressed opposition to the merger of Sirius and XM in a letter to the Justice Department, the Federal Communications Commission (FCC) and the Federal Trade Commission (FTC).
The six paragraph letter stated the merger of Sirius and XM would create a monopoly that would harm consumers and in it they claimed there is “scant evidence” that a merger would produce any cost savings to subscribers.
XM, Sirius and even Wall Street analysts have asserted the merger would create a savings of $3 billion to $7 billion for the companies. Sirius CEO Mel Karmazin, in testimony before Congress, has said the savings would be passed on to consumers in the form of lower prices and increased programming.
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Nearly a year has gone by. Why hasn't the letter with the names of the 72
congressmen been posted so that the public can contact these people?
At least I can't find this letter anywhere.
G.
Gail Night - 2008-4-3 18:32:00 EST -
Senator Kohl of Wisconsin signed the letter that was sent to the FCC voicing opposition to the merger. The Milwaukee Sentinel lists Clear Channel as a contributor to Sen. Kohl.
I didn''t know the 72 were so concerned about saving consumers money. If so, how about getting a fair tax plan in place, or pay attention to important matters like our sorry national health care situation, or social security, etc. They approve AT&T acquiring Bell South and the Mobil Exxon merger, but they make satellite radio jump through hoops.
How disgusting.
Alan Albert - 2007-19-6 16:23:00 EDT -
72 over-paid over-influenced easily-swayed under-informed idiots!
I subscribe to both XM and Sirius. I'd love them to merge so I can save money, have fewer boxes to deal with at home, and get the same programming in family van and personal car.
Michael N. Marcus - 2007-19-6 10:11:00 EDT -
At some point, please post the gang of 72 letter so we can see how our reps weighed in, and respond accordingly. Never underestimate the hand of the NAB and the almighty PAC dollar.
Rollo Tomasi - 2007-19-6 09:22:00 EDT -
72 people too lazy to get a real job must have all asked the same guy to do their research for them. How is it in my best interests to have to buy two tuners and pay two subscriptions in order to get all of the programming I want? How does that SAVE me money? Idiots.
Jason Brown - 2007-19-6 09:15:00 EDT
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