Tuesday, March 25, 2008
Sirius/XM Merger Approved (Step One)
The Justice Department has given the green light to the satellite radio merger between Sirius and XM. No conflict of interest or commercial hardships will occur from the combining of the competing services, the government agency said. The Federal Communications Commission has final say on the matter, hopefully soon. In my opinion, the combination will be much stronger financially than either of the companies could possibly be solo.