Mon, Jul 16th 2007 12:57pm
Matthew Lasar writes in to let us know that terrestrial radio behemoth Clear Channel says that if the XM/Sirius merger is allowed to proceed, restrictions on terrestrial radio station ownership should be lifted. Once again, by tying the two issues together, Clear Channel is making it clear that terrestrial broadcasters do compete with the satellite radio companies. It's hardly surprising to see Clear Channel take this stance, though, as it's consistently lobbied for the ownership limits (which state that a company can own no more than eight stations per market) to be lifted. The details from a Clear Channel exec's letter to the FCC are slightly amusing. The guy says "With poorer content, local radio stations will lose listeners, and, consequently, advertisers, not because local radio would face a better competitor after the merger, but because it would be able to offer only an inferior product to listeners and advertisers." His comments came in the context of saying that a merged XM-Sirius would lock up all kinds of content through exclusive deals, making it unavailable to terrestrial stations. But taken more broadly, you have to say that the guy knows what he's talking about, given Clear Channel's experience in churning out inferior products with little success.
If you liked this post, you may also be interested in...
- Report: Verizon Considering Comcast Merger In Supernova Of Dysfunction
- Outgoing FCC Boss Warns New FCC About The Perils Of Killing Net Neutrality
- FCC Report Clearly Says AT&T & Verizon Are Violating Net Neutrality -- And Nobody Is Going To Do A Damn Thing About It
- SiriusXM Finally Wins A Case Over Pre-1972 Music... And Promptly Settles Such Cases With RIAA
- RIAA Claims That It Is 'Standing Up For' Older Musicians That It Actually Left To Rot