House Lawmakers Question XM, Sirius Review
December 13, 2007

Just when it looked like the merger of XM and Sirius Satellite Radio was becoming closer to reality, lawmakers on the U.S. House of Representatives Judiciary Committee have expressed concern about the Justice Department's review of the proposal. House Judiciary Committee Chairman John Conyers (D-MI) said in a December 11 letter to newly installed Attorney General Michael Mukasey that he was "concerned about the transparency of the Department's merger review processes."

Reps. Conyers and Steve Chabot of Ohio both wrote, "We were dismayed to learn of recent press reports suggesting that Justice Department staff may be trying to rush through the merger before you have an opportunity to fully participate, and that Assistant Attorney General for Antitrust Thomas O. Barnett may intend to grant the merger over the objections of department staff," according to Reuters.

Forbes reported that shares of the satellite radio providers went sliding on Wednesday after news broke about the letter, with investors believing that Conyers and Chabot's concerns may slow the process of finalizing the agreement. Moreover, with the 180-day timeline on the FCC's review already expired, some feel the DOJ's decision on the merger could be delayed until early next year.

Meanwhile, three additional members of Congress joined General Motors Corporation, Club for Growth, Harpo Productions and others in their support of the merger. The latest bi-partisan Congressional supporters include the Chairman of the Congressional Hispanic Caucus - Rep. Joe Baca (D-CA), Rep. Bob Filner (D-CA) and Rep. Connie Mack (R-FL).

"I find that the merger will not only maintain an advanced technological innovation, it will bolster the industry thereby strengthening our economy. More families and individuals will have an opportunity to access satellite radio," said Baca. Mack added, "The proposed merger will enable satellite radio to become a stronger competitor and will drive all other players in the market, including terrestrial radio, to focus on making their services even more appealing to consumers."




 
Breaking News
Clear Channel's iHeartRadio Partners With AdsWizz
Nielsen, Pointlogic Forge Strategic Alliance To Develop Next-Gen Media Planning Solutions
Pandora Hires Lars Murray As VP Of Industry Relations
In Brief - July 22, 2014
July 21, 2014
Evolve Music Group Signs Worldwide Agreement With Capitol Music Group
Second Annual KBA WKU Radio Talent Institute Underway
2014 Conclave Learning Conference Dates Announced
In Brief - July 21, 2014
FMQB FYI... Links You Should Know About
July 18, 2014
Hubbard Radio Elevates Drew Horowitz To President/COO
The Week In Review: 7/14-7/18
CCM+E Names Jeff Davis OM For Greenville & Asheville Markets
Tony Cortez Upped to APD At KTFM/San Antonio
In Brief - July 18, 2014
July 17, 2014
Report: Driving Radio's Value With U.S. Auto Buyers
In Brief - July 17, 2014
July 16, 2014
Study: Coleman Insights And knowDigital Find Opportunity For NextRadio
In Brief - July 16, 2014
July 15, 2014
CCM+E Austin Names Jonathan "JR" Reed Program Director For KHFI & KPEZ
Westwood One Partners With Radio Industry To Support NextRadio Funding
Triton Digital Releases May Top 20 Rankers
Nashville's Own Meghan Trainor Hears "Bass" For The First Time On 107.5 The River
In Brief - July 15, 2014
July 14, 2014
Rob Morris Named VP/Programming, CBS Radio Tampa Bay
Music News
Godsmack Unleashes Epic "Generation Day"
Quick Hits: MAGIC!, One Direction, Kimbra, Uncle Kracker, Billy Joel
Weezer Goes "Back To The Shack"
Quick Hits: Avicii, iTunes Festival, Adam Levine, The Script, Demi Lovato, Johnny Marr
Upcoming Maroon 5 Album Features Gwen Stefani Duet
The Week In Review: 7/14-7/18
Quick Hits: Beyonce, Teen Choice Awards, Aaliyah, The Roots
Beyoncé Leads 2014 MTV Video Music Awards
Quick Hits: Bruno Mars, Kanye West & Iggy Azalea, Busta Rhymes, The Smashing Pumpkins, Pearl Jam, Johnny Winter
Sia's 1000 Forms Of Fear Is #1
Quick Hits: The Beatles, Tool, Jason Mraz, David Bowie
Train Announces Bulletproof Picasso
Quick Hits: Drake, Blink-182, Pharrell Williams, Gwen Stefani & Gavin Rossdale, Gerard Way, Cold War Kids, Alex & Sierra, Polaris Music Prize
Tommy Ramone Dead At Age 65
Quick Hits: Justin Timberlake, Metallica, Radiohead, Halestorm, Kiss, Interpol
FMQB NOW

Chase Murphy, PD
KXXM, KQXT/San Antonio

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!