FCC starts pleading cycle for Sirius-XM merger

The Federal Communications Commission has announced the public comment period for the Sirius-XM merger application has started. Comments/petitions are due July 9th, 2007 and responses/oppositions are due July 24th.
The clock has started.
Sirius and XM have issued the following joint statement regarding the announcement:
"The FCC public comment period is an important step in the regulatory review of our merger and brings us closer to its completion. The combination of our companies will lead to more choices and better pricing for consumers, and result in a stronger competitor in the rapidly evolving audio entertainment market. These benefits explain why the merger already has received the strong support of a wide array of minority, consumer, women's and rural organizations. We are confident that the comments filed with the FCC in the weeks ahead will continue to reflect these significant public interest benefits.
"We look forward to working with the Commission to demonstrate that this merger is in the public interest, will have no anti-competitive effects on the market and to making any appropriate changes in its 1997 licensing order."
[View FCC Announcement (PDF)]


Comments
"The combination of our companies will lead to more choices and better pricing for consumers, and result in a stronger competitor in the rapidly evolving audio entertainment market."
"read my lips ....." oops.
Amazing how history repeats itself.
Posted by: espnjason ? | June 9, 2007 10:21 AM
Alright Jason, here's a business scenario for you:
You are the CEO of the newly merged Sirius-XM. Your company has lost a little more than $1 billion combined in the past year. Expenses are fixed, and you need to (approximately) double your current revenues to reach a profit. How are you going to get that money? Here are your options:
A) Raise prices and cut programming to try to squeeze a few extra bucks out of existing subscribers (and hope they don't cancel)
B) Improve pricing and programming options to get many more people to subscribe
.................... Time's up! ...................
Does it take a business degree to understand this concept? Sirius and XM don't have nearly enough subscribers to survive right now, and they'll need several million more self-paying subscribers just to sniff at a profit. Do you think a merger will suddenly give them the power to circumvent the fact that they need to retain existing subscribers and add millions more to survive?
Mel's statement was a matter of common sense. Satellite radio, merged or not, will have to fight to get more subscribers to survive, and it's hard to convince customers to join and stay if you raise prices and cut programming. Why is this so hard for you people to realize?
Posted by: JB ? | June 9, 2007 12:57 PM
jb your comments are exactly why this merger is great for shareholders and the execs but awful for subscribers.
and wait. didn't mel also say that xm and sirius don't need this merger to survive. I believe he said that if the merger doesnt get approved they will both go about business as usual and be fine?
if you support choice voice your opinion against this merger.
Posted by: chicago bill ? | June 9, 2007 2:36 PM
I agree with a merger as long as no one at Sirius has to hear that awful Gregg and Tony show...that's the type of show that would kill any merger because it's so God damned awful...I hear their loser fans are gearing up to write letters of protest against the merger...who knew they could form a sentence.
Posted by: Jack | June 9, 2007 8:07 PM
jack,
if you think that's bad there's this group of sternbots that are EXACTLY like them .
Posted by: bloody cape | June 10, 2007 7:29 AM
"I agree with a merger as long as no one at Sirius has to hear that awful Gregg and Tony show...that's the type of show that would kill any merger because it's so God damned awful...I hear their loser fans are gearing up to write letters of protest against the merger...who knew they could form a sentence."
I, and most other XM fans, feel the same way about Hoo Hoo. Howie has been washed up since Private Parts and everyone knows it. I wonder what you tools are going to do in 2011 when Hoo Hoo's contract expires? Wait for him to re-up?! You know he ain't going to. You tools are worse than the Barry Bonds fans.
I find the ones that favor the merger (the sirius fans) only want it JUST so they can have baseball, hockey, and all other sports that XM has. All while the XM staff (O&A and R&F included), in essence, gets 'buried in the desert'.
We all know that's going to happen, based on my experience with being in the short end of company mergers before, things aren't looking too good for XM if/when the merger passes. It's unfortunate they don't realize it.
Posted by: espnjason ? | June 10, 2007 7:43 AM
espnjason, what are you going to do when howard retires. 1 of 2 things are going to happen with opie and anthony. They will be the same age if not older than howard at the time you say he was washed up so there for they will be washed up or irrelevant. Or they will not have another show to make fun of.
Posted by: another thought | June 10, 2007 8:28 AM
when howie retires, someone will step up and take his place. it's how the world works.
Theres plenty of talent out there and they will fill the gap.
I hope the merger takes place so I can hear O&A and Howie. (although xm looks like it is looking for an excuse to fire them.
Plus if the merger happens, the stock price will go up and I'll make $$$$
Posted by: Trevor | June 11, 2007 10:50 AM
Let's take this further...Only pay stations in the future.owned by one megacorporate monopoly who owns the government. Shades of what?
I don't want government ownership of the airwaves (CUBA) and I don't want corporate monopoly ownership of the airwaves (fascism).Always keep the airwaves independent.
Posted by: mac | June 12, 2007 6:38 PM