Condé Nast Portfolio
SHARE
TEXT SIZE:
SHARE
Send a copy to me

Separate multiple email addresses (max 20) with commas.

0/1500

Mar 25 2008 10:02AM EDT

The Takeaway: Sirius-XM Merger Approved

Portfolio: The Justice Department has given its long-awaited blessing to the merger of satellite radio providers Sirius and XM.

New York Times: That doesn't mean it's a done deal; there's still the F.C.C., and officials there "have offered conflicting signs on whether the commission would approve the merger."

Wall Street Journal: The F.C.C. is expected to act quickly, and, while it's unlikely to contradict the Justice Department by blocking the merger, it may impose some conditions on the deal to placate the various parties lobbying against it.

Broadcasting & Cable
: Wisconsin Democrat Herb Kohl, chairman of the Senate Antitrust Subcommittee, says the Justice Department's ruling was "contrary to antitrust law."

NYP: Sirius chairman Mel Karmazin "is still batting 1,000 when it comes to getting deals past regulators."


Loading...
Add Your Comment
View
 

Thank you for registering as a Portfolio.com Insider. Your comment has been added.

Create Your Public Profile


Archive

Previous
Jul
2009
Next


Also in Portfolio.com
Most Read
Most Emailed
Recently Commented

Newsletter Sign-Up
Subscribe
Newsletter Sign-Up
Subscribe