One hurdle was antitrust concerns about the merger by the department of justice  on march 24, 2008 the united states department of justice closed its investigation and approved the xm-sirius merger, finding that the merger would not. The proposed merger of sirius satellite radio inc and xm satellite radio holdings inc is expected to benefit consumers of satellite radio products and services it conforms to the principles of both the sherman antitrust act and current public policy that address the structure of markets, the conduct of market participants, and the resulting. The nation’s two largest satellite radio services, xm and sirius, announced this afternoon that they planned to merge the announcement ended months of speculation about whether the two companies would go ahead with a combination, but immediately raised questions about possible antitrust issues. Xm satellite radio holdings, inc (xm) and sirius satellite radio, inc (sirius), pursuant to section 310(d) of the communications act of 1934, have submitted a consolidated application for authority to transfer control of fcc radio licenses held by xm, sirius and their subsidiaries, to a new combined company.
One hurdle was antitrust concerns about the merger by the department of justice  on march 24, 2008 the united states department of justice closed its investigation and approved the xm-sirius merger, finding that the merger would not harm consumers or. Xm, sirius plan seen testing us antitrust limits peter kaplan 5 min read if xm and sirius want to merge, concerns surrounding pricing, diversity in programming and equipment compatibility would have to be addressed, consumer advocates said xm and sirius argue that they would still face competition from. When mergers become a private matter: an updated antitrust and acquisitions that raise potential antitrust issues typically obtain counsel on the likelihood of government investigations and enforcement actions when it comes to assessing such risks, sirius and xm radio—the only two providers of satellite.
To monopoly in satellite radio leigh m murray inadequate efficiency justifications to override valid antitrust concerns upon proper consideration, the merger application should have been denied by the fcc, or, at the very least, designated supply relevant background information regarding the sirius xm merger, including the terms and. The merger between xm radio and sirius is now a step closer to being consummated after the department of justice greenlighted the deal announced in february 2007 , the merger has been held up over antitrust concerns, and the federal communications commission still has to approve the deal. The quotes above came from a document authored by the national association of broadcasters (nab) entitled “analysis of antitrust concerns regarding xm/sirius merger” i thought i would look it up and do some research. Corporate welfare for xm/sirius competitors op-eds and articles title really it is their smokestack-era antitrust concerns that are a threat to open competition yes, the merger would create a “monopoly” in satellite radio, but a merged sirius-xm will still face fierce competition am and fm radio, podcasts, mp3 players, and cell. Why the xm-sirius merger makes sense representative rick boucher dismisses antitrust concerns, putting their share of the radio market at less than 4%, and argues the deal would benefit listeners.
Sirius xm satellite radio is an american broadcasting company that provides three satellite radio and online radio services operating in the united states: sirius satellite radio, xm satellite radio, and sirius xm radio. Analysis of antitrust concerns regarding xm/sirius merger this memorandum sets forth an initial analysis of the competitive effects of the proposed xm/sirius transaction and identifies consequences of the merger that appear likely to. Xm canada and sirius canada were the only two satellite digital audio radio service providers in canada during its review, the bureau consulted with the us department of justice antitrust division, which had thoroughly scrutinized the merger of the us entities in 2008. Before the satellite giant transforms itself from antitrust defendant to antitrust plaintiff, there's one matter still to resolve there's one matter still to resolve the hollywood reporter movies tv business style politics tech culture awards video sites on monday, sirius xm filed a brief to the 2nd circuit court of appeals. Sirius xm and the viable business model 2010 part 1 introduction headquarters in new yorok city, sirius xm radio, inc is the only provider of satellite radio, broadcasting more than 130 channels of digital audio via satellite to subscribers throughout the united states and canada.
Shares of both sirius and xm have tanked during the past year due to concerns about subscriber growth and increased competition but doubts about approval by regulators appeared to be weighing on the stocks tuesday. Rick chessen, to discuss the states'concerns regarding the proposed merger ofxm satellite as antitrust enforcers and consumer advocates, the states were surprised and states advocate that sirius and xm be required to lease a portion oftheir satellite systems to another. Monopolies and the law antitrust laws protect consumers against collusion dan caplinger and sirius and xm are both extremely small in comparison to traditional radio broadcasters investors should look closely at whether antitrust concerns may pose problems or require significant adjustments to the terms of a deal. Federal communications commission fcc 10-184 4 indicated that the commission would address any additional timing issues in this implementation order9 after further extensions, the compliance deadline is presently november 21, 201010 7.
If xm and sirius want to merge, concerns surrounding pricing, diversity in programming and equipment compatibility would have to be addressed, consumer advocates said a satellite dish sits atop the headquarters of xm satellite radio in washington february 20, 2007. The american antitrust institute, which opposed the xm satellite radio-sirius satellite radio deal as a merger to monopoly, said the department of justice, in finding no fault with the deal, created a higher bar for such monopoly findings while lowering the bar for a finding that such a merger would benefit consumers. Xm-sirius and the public interest before the standing concerns regarding excessive concentration in the media market and the effects of concentration on programmer access and consumer choice but concerns regarding this raise a red flag for both antitrust officials and communications regulators whose job is to. Tough antitrust hurdles seen for xm, sirius deal after the merger was announced, martin issued a strongly worded statement reiterating his concerns the sirius-xm combination would follow directly on the heels of the.
Sirius and xm close merger after a 17-month antitrust saga since announcing merger plans, the united states' only two satellite radio companies become one the new name: sirius xm radio. Sirius xm radio inc defendant case no: 4:13-cv-00003 (awa/lrl) notice of amendment to settlement agreement class representatives francis w hooker, jr, eric knutson, yefi m elikman, and anthony regarding the entities to be released under the settlement as amended, there can be no doubt that.Download antitrust concerns regarding xm and sirius`