Date 11-30-2007
What do you think about this article? Rate it using the stars above and let us know what you think in the comments below.
Consumer Groups Appeal FCC to Reject XM Radio-Sirius Merger
Date 11-30-2007
The Consumer Federation of America, Consumers Union, and Free Press urged the Federal Communications Commission (FCC) to reject the proposed satellite radio XM-Sirius merger. The groups cited this merger as a "monopoly that will unleash the market power of the satellite digital radio service providers at the expense of the public." The anti-competitive effects of the merger will eliminate consumer choice in providers, reduce number of channels and formats available, and cut down spending on research & development. This proposed $5 billion merger was recently approved by shareholders of both companies, and is currently under surveillance by the FCC and the Justice Department.
If this article has helped you in some way, will you say thanks by sharing it through a share,
like, a
link, or an
email to someone you think would appreciate the reference.
Date 11-30-2007
