FCC Backs Merger Between XM and Sirius
The long-running government review of the proposed merger of the nation’s two satellite radio companies took an important step forward on Monday when Kevin J. Martin, the head of the Federal Communications Commission, announced he would circulate a plan this week to approve the deal.
Commission officials and industry lawyers said they did not expect complete the deal before July, a year and a half after the two companies prematurely announced it.
After the Justice Department’s antitrust division approved the merger proposal last March, the widespread expectation was that the F.C.C. would also clear it.
Having one Satellite Radio could pave the way for other consolidations.
Next on the list of mergers is Religion, Political Parties, Television, and Printed media, and the automotive industry. Maybe, if we are lucky, we will have one God, one car, one TV station, and a King to run our nation proper.
I await with anticipation whilst looking for property in Italy.
WOOF!
Buster
Tags: Merger, Sirius, XM