XM & Sirius Inch Closer
In a statement on Monday, June 16, 2008 by FCC Chairman Kevin Martin gave the go ahead for the satellite radio giants XM and Sirius to wed. A number of conditions will exist, including a three year price freeze for consumers. Don’t get too excited yet. The four other commissioners still need to give the OK nod, before it’s a done deal.
Some of the good that can come from the merger is smaller subscription packages at a lower price (about half of the current subscription fee), “family friendly” programming excluding the racier stuff like Stern (as if I needed to point that out), and the two providers have agreed to allow any radio equipment manufacturer make satellite radio products.
I know there is a lot of opposition toward the merger out there and arguably for good reason, but my opinion is that if you are against it, then don’t subscribe. Personally, I think consumers will have more options with a merger, at least at this stage. Also, a merger may save one company from a short existence, if not both.
As always please feel free to share your thoughts and say tuned to read more in the coming days as all this merger stuff plays out.
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