Printed from http://www.electronista.com

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 Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

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

toggle

Network Headlines

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Origin PC Millennium

When it comes to PC gaming, there are two basic routes you can take. You can choose to purchase a built-to-order machine from one of t ...

Jorno Bluetooth keyboard and stand

The Jorno Bluetooth keyboard and stand for tablets certainly looks nice. The gunmetal grey shell of the keyboard looks great while the ...

Apple 12-inch Retina MacBook

It is an exciting time for consumer technology, with gadgets and devices that once used to the stuff of dreams now coming to fruition. ...

Advertisement

toggle

Most Commented

 
toggle

Popular News