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Following approval of the Department of Justice, legal counsel of both Sirius and XM met with the FCC on Wednesday to discuss the merger proposal of the two companies. The merger proposal was given the nod by DOJ, and so XM and Sirius seem to wasting little time in getting the FCC’s approval.
Based on record of filing at the FCC, the meeting was held last Wednesday before FCC Chairman Kevin Martin. Together with the legal counsel of Sirius and XM, others who were present during the meeting were Daniel Gonzales, Chairman of Martin’s Chief of Staff and Michelle Carey, Chairman Martin’s Senior Legal advisor.
The record of filing also indicated that the meeting discussed programming packages and proposed pricing which were previously announced by both Sirius and XM.
To backtrack, the merger proposal was announced February last year. After several months of getting various tirades and criticisms from other companies claiming that such merger could lead to the two companies monopolizing the radio satellite industry which will lead to increase in prices of delivering radio satellite services to the consumers. Both Sirius and XM denied this allegation and even announced various programming packages and their corresponding prices. Both versions of the programming prices show no sign of dramatic increase in the prices of services offered by Sirius and XM.
And this was probably what made the DOJ to approve the merger proposal. Thinking that the issue has been going for so long now, Sirius and XM took matters into their own hands and met up with the FCC. Pending outcome of the meeting, we have yet to see if the FCC would also approve the proposal, which to some analysts will most likely happen since the FCC most often than not just follow what the DOJ says.
Via [Orbit Cast]
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