FCC Chairman chimes in on Sirius + XM Merger
Tags: 2, XM
The FCC Chairman Kevin Martin said today that the Sirius and XM merger would have a high hurdle to overcome before receiving the Federal Communications Commission's approval.
"The companies would need to demonstrate that consumers would clearly be better off with both more choice and affordable prices," Martin said in a statement following the announcement of the deal.
"The hurdle here, however, would be high as the commission originally prohibited one company from holding the only two satellite radio licenses," Martin said.