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XM-Sirius merger given 'Thumbs up' by Justice Dept

  2. woodywoodbeck
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The U.S. Justice Department approved the merger between satellite radio companies Sirius and XM Monday, more than a year after the two companies first announced their deal.

In its decision, the Department of Justice had to determine whether an XM-Sirius merger was anti-competitive, or if other media companies such as Clear Channel (CCU, Fortune 500), CBS (CBS, Fortune 500), or even Apple (AAPL, Fortune 500) with its iTunes software and iPod music player served as alternate options for music and media customers.

The Federal Communications Commission must also approve the deal before it can officially be completed. The FCC has yet to make a decision on the deal.
woodywoodbeck

9 responses // XM-Sirius merger given 'Thumbs up' by Justice Dept

  • im loving it!! my stock has taken a shit since last year! i was going to sell it and move it else where, but i was waiting for this.. unfortunately it will take a year to get back to a respectable high. but with only one in the game...and the entry level price of sub $4, i think there will be more sirius stock seekers..raising it gradually. i hope to see what happens when the companies and stocks merge completely. at $14. and $4. id hope dollar cost averaging will result in a maybe $9. 52 week high again..only to head higher...that will result in a sizable profit for me.....for school! nice!!!!!
    okinawanmajik
  • And, as the alternatives become fewer, we go further into the internet, looking and listening for more independant sources.
    huntre
  • tell you what....the problem with internet radio is very reliable access to a strong signal, as well as being able to locate a station you can rely on and remember. i think (and i hope they are listening) the problem with satelite radio, (and i have sirius) is radio is also a regional or market media...so in order for sattilite radio to one, lower its prices, as well as up subscribership and boost stock price...they need to open up more channels and make them regional if not local. much like terrestrial radio...people in San Fran listen to different music than those in Austin. so if you can have weather reports in key cities, then you can also have local affiliates. more local radioship can result in more subscribers. concert info, local band info, call in shows....the difference is more freedom of expression..i mean thats why we have it anyways right...because they can cuss? and we can hear more music than we normally would on the radio? and there is no 9 song rotation?

    then at certain times, a nationwide radio show...on certain stations...plus, local business' can advertise on the local affiliate...much like TV and terrestrial radio. which means more money for people like me..stock holders, and more money for innovation. plus its not an antitrust...because its a direct competition with regular radio.

    they need to hire me...i have this all planned out!
    okinawanmajik
  • Reliable access to a strong signal is an internet problem? I have access to thousands of smaller, locally focused, outlets from all over the world. The signals don't drift. I run them through my stereo. No problems.
    huntre
  • Satellite radio is already an anachronism IMO.

    1 way = no way
    joebrilliant
  • I'll stick to my iPod. I dunno, I'm still not keen on paying for radio. Maybe it's better than terrestrial radio but I still can't tell them what to play.
    bryneyancey
  • http://moojoobee.com
    I believe the future of Satellite radio may go one step further than the 99c downloads of today's popular web services. I wouldn't be surprised if you can push a button to save and or download a song you're listening to instantly on your Satellite radio (in a few formats e.g. mp3, wma, mpeg4...) Just be careful of your dollar's worth in the next few years.
    MooJooBee
  • It's like "Electronic Money". You have it, right there in front of you, but you still can't touch it.
    huntre
  • hunter, what i mean is depending on what kind of internet access you have...cable or T-1, DSL, dial up....the issue of signal strength and speed are going to be obsticles...where with sattelite and terrestrial...the only obsticles are you being in a cave...and if thats the case, you dont have electricity anyways!!

    s-radio needs to localize, more locations equals less cost and more buyers...like hbo in the early 80's alot of places didnt have access to it because the cables werent laid...after they were, now you can get it anywhere, but it took 10 years or so to do. along with the newer telephone lines...only to be outdone by cellular phones now. S-radio also for innovations sake needs to incorporate videos in their signals. i know this is what they are working on now. and then integrate the satelite access into cell phones, which is another thing i know they are working on. both about 5-6 years away...but i think the merger will help bring it along alot faster..so they wont have to concentrate on being number one, they can concentrate on making an excellent product and service.
    okinawanmajik

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