Dec
7th

Congressman Changes Mind on Sirius-XM Merger

Files under Merger, SIRIUS Radio, XM Radio | Posted by trn

Rep. Gregory Meeks (D-NY) originally supported the merger between satcasters SIRIUS and XM, but the New York congressman has had a change of heart.

Meeks indicated he was swayed by Georgetown Partners LLC’s argument against the merger.

He voiced his opposition to the merger in a letter to the FCC.

Meeks writes, “By allowing a minority-controlled entity to be the lessee, the Commission would serve the public interest by achieving diversity of ownership in this large medium as well as enhanced minority media ownership in general - two areas that the Commission has been asked to address.”

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One Response to “Congressman Changes Mind on Sirius-XM Merger”

  1. By Denis Langlois on Feb 24, 2008 | Reply

    Allow this merger to go through, as I can only make satillite radio even better. If the merger would be a monopoly , than what do you call NASCAR!!!

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