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What Took You So Long? FCC Chief Approves XM-Sirius Merger
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Shares of Sirius and XM Satellite Radio were big percentage winners Monday after the FCC finally gave approval to their proposed merger.'
"As I've indicated before, this is an unusual situation,'' FCC Chairman Kevin Martin said in a statement. ''I am recommending that with the voluntary commitments [the companies] have offered, on balance, this transaction would be in the public interest.''
The most "unusual" thing about this is that is took the FCC over 15 months to approve this deal. Apparently, the commission is blind to the various and sundry alternatives consumers have to satellite radio.
"As I've indicated before, this is an unusual situation,'' FCC Chairman Kevin Martin said in a statement. ''I am recommending that with the voluntary commitments [the companies] have offered, on balance, this transaction would be in the public interest.''
The most "unusual" thing about this is that is took the FCC over 15 months to approve this deal. Apparently, the commission is blind to the various and sundry alternatives consumers have to satellite radio.
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