Thursday, February 22, 2007
Congressional Task Force To Hold Hearings On Merger
US lawmakers to hold XM-Sirius merger hearingWASHINGTON, Feb 21 (Reuters) -
A new Congressional antitrust task force will hold a hearing next week on the proposed merger of radio subscription companies, XM Satellite (XMSR.O:
Quote,
Profile ,
Research) and Sirius Satellite (SIRI.O:
Quote,
Profile ,
Research), House Judiciary Committee Chairman John Conyers said on Wednesday. Mel Karmazin, chief executive of Sirius, will testify at the Feb. 28 hearing, Conyers said in a statement.
Sirius's planned takeover of XM must be approved by the U.S. Justice Department and Federal Communications Commission who review mergers for their impact on competition and customer service. The two companies contend that the deal won't hurt consumers because satellite radio, which charges a subscription fee, faces competition from terrestrial radio, wireless music devices and podcasts....read more:
here2/22/2007 11:45:00 PM
SSG Has Merged. You Can Read All Of The Latest SSG Content By Clicking Here
0 Comments:
SSG is not a Financial Advisor. Read Disclosure: HERE
--------------------------------------------------------
