Sirius spent $820k on lobbying in 2007

Thursday, February 28, 2008 at 12:04 PM
Tags: FCC, Merger, Sirius

SiriusSirius Satellite Radio paid the firm Wiley Rein $820,000 last year to lobby Washington over its merger with XM.

The company paid $400,000 to Wiley Rein in the second half of 2007 to lobby Congress and the FCC, according to a disclosure form posted online (viewable after the jump). Sirius paid Wiley $420k in the first half of last year.

XM spent a total of $1.2 million in lobbying last year ($580k in both 1H07 and 2H07).

While that may seem like a lot of money, it's nothing compared to the NAB, who spent $4.3 million in the first-half of last year alone.

[AP]
Sirius Lobbying

TrackBack/Ping:

Comments

And alot of good it's done em. Sheesh! This whole thing is insane. Terrestrial radio says they don't compete with Sat Rad...and yet they are trying to block the merger. Why? Because they compete with Sat Rad. Duh. Cramer is right. The NAB has bribed the DOJ. That is the only explanation for the insane length of this merger decision. We are over a year now, with no end in sight. The crazy part is if the merger DOESN'T go thru...then XM goes bankcrupt, and there is only ONE sat rad company. Sirius becomes an instant "monopoly"! Har har har. Seriously tho, this whole thing is a farce. There is no monopoly when sat rad has only 5% of the market share. It's a joke. The merger is not only good for the companies, its good for the consumer, and dare I say it...good for the economy! This is a win win deal. The only ones complaining are terrestrial radio...because even tho they won't ADMIT it...they COMPETE with sat rad. Come on congress, end this thing already. Approve the damn merger. :-)

Of course, this number is only the federal lobbying of Congressmen that must be disclosed. It does included the millions of dollars Sirius has paid Wiley Rein to file and lobby at the FCC or DOJ, or that XM's paid its law firms for the similar jobs, or the hundreds of thousands paid to their 4 PR firms.

The merger will pass eventually.. however someone will have to die first.. it's one of those "over my dead body" type of things...

NAB aren't the only ones complaining. I am against the merger as is everyone I know that has a sub to either XM or Sirius. In fact, it seems like everyone I speak to that is a customer is against the merger, only investors care and that's because they care about making $, not about the product.

I am not an investor and I think Satellite radio needs to be one. The only people who do not want a merger that I know of are O&A fans.

Post a comment

(or continue the conversation in the Orbitcast Forums)





Copyright © 2008 Orbitcast Media, LLC.