NAB Fires Back In Battle Of Satellite Merger Experts
June 29, 2007 at 12:22 PM (PT)
As the battle of the satellite merger experts continues to rage, the NAB is countering yesterday's pro-merger study by former FCC Commissioner HAROLD FURCHTGOTT-ROTH commissioned by XM and SIRIUS with its own anti-merger report from an expert it commissioned itself.
FORDHAM UNIVERSITY Associate Professor and DONALD MCGANNON COMMUNICATION RESEARCH CENTER Director PHILIP M. NAPOLI says that "the satellite radio market is in fact a distinct market for antitrust purposes, and that a merger of SIRIUS and XM would lead to monopoly conditions in the downstream consumer market, as well as monopsony conditions in the upstream programming market, that our antitrust laws are intended to protect."
Read NAPOLI's study by clicking here.
Karmazin: XM To Stay In D.C.
Meanwhile, SIRIUS CEO MEL KARMAZIN told the WASHINGTON TIMES that the merged company would keep XM headquartered in WASHINGTON and would retain the about 800 people who work there. The issue of XM's location is important to D.C. because the company's headquarters were built as part of a major push to revive its neighborhood, a revival that now includes the BUREAU OF ALCOHOL, TOBACCO, FIREARMS AND EXPLOSIVES building.