by Mike Masnick
Mon, Mar 24th 2008 1:42pm
It only took over a year of ridiculous protests from traditional radio stations, but the Justice Department has finally decided that XM and Sirius can merge without creating a monopoly. It will be interesting to see if the NAB's own lobbying efforts helped disprove its point. The NAB, representing terrestrial radio stations argued vehemently that if XM and Sirius merged, it would create a "monopoly." The only problem with that statement is that if that were the case, it would mean that terrestrial radio wasn't competing in the same market. And, if that were true, why would the NAB care? So, by arguing so vehemently against the merger, it effectively showed what we all knew: terrestrial radio and satellite radio compete in the same market. Of course, the merger isn't a done deal yet, as the FCC still needs to weigh in. But given the amount of time it has already taken for the DoJ to make its decision, you would hope that the FCC was at least close to being done with its review as well. Update: No surprise here, the NAB is "astonished" by the decision.
If you liked this post, you may also be interested in...
- The Cable Industry Threatens To Sue If FCC Tries To Bring Competition To Cable Set Top Boxes
- Nervous About Regulatory Action, Comcast Bumps Usage Caps To One Terabyte Per Month
- Roku CEO Kisses Up To Comcast, Supports Opposition To Cable Set Top Box Competition
- 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