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

toggle

Most Popular

Advertisement

Recent Reviews

Linksys WRT1200AC Wi-Fi Router

Once upon a time, a brand-new Linksys router showed up on our doorstep. So we gathered some network-minded friends together, and hooke ...

Rapoo A300 Mini Bluetooth NFC Speaker

The Rapoo Bluetooth Mini NFC Speaker is a little metallic box about the size of a baseball. In spite of its small size, we were very p ...

Neurio Intelligent Home Monitor

The recently released Neurio Intelligent Home Monitor is a piece of hardware that, when integrated into a home's breaker box, monitors ...

Advertisement

toggle

Most Commented

 
toggle

Popular News