Though there are still some hurtles to jump over with the FCC, the merger between XM and Sirius made a big step forward with the DOJ approving the merger of the two companies. The issue at hand was the proposed merger going to be causing anti-competitive behavior since they are the only two satellite radio companies. I agree that even though there will only be one company, they will have to compete with other forms of media such as free radio, folks iPods, etc. I wouldn’t be smart of them to raise their prices at this point because people will just move to other forms of media. I know the 12.95 I pay for XM is already high enough. I couldn’t justify paying more than that. XM and Sirius stock shot up yesterday with the news of the approval Here is a link with more details:
March 25, 2008...3:00 pm
XM and Sirius Approved to Merge By the DOJ
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