"The proposed Sirius-XM merger would eliminate the potential of any meaningful competition in the satellite radio market, which would, in turn, permanently block the potential for diversity of ownership and control by minorities in the only medium capable of nationwide broadcasting," said Jackson.
Jackson continued, "I urge this commission to view this proposed transaction - as it is currently structured - not in the public interest. It will eliminate diversity of content and meaningful opportunities for minority partnership in media ownership. This cannot happen. This commission must uphold the statutes and regulations that promote content diversity and opportunities for media ownership by minorities."
"The commission should seize the opportunity presented by this transaction to make a difference that serves the best interests of all concerned: Sirius and XM in their objectives, the marketplace and diversified ownership and competition, and the public's right of access to benefit from varied programming that is appropriate and feasible," Jackson continued.
"The proposed transaction would result in the business combination of the two most significant and largest companies in satellite communications. In effect, this creates a monopoly, virtually making competition impossible and programming dangerously subject to the combined entity's self-interests and whim. This puts the public at a disadvantage. It has the potential of serious economic havoc on any business attempting to be a part of this marketplace and to the communities of which these businesses serve," said Jackson.
This is in direct opposition to the opinion of the NAACP, which came out in favor of the merger earlier this year, stating that a merged satellite radio company would "strengthen its commitment to diversity."
As we near the final stretch of this high profile merger, it looks like things are really starting to heat up.