Justice Dept Approves XM-Sirius Deal

[Vegas]

http://www.breitbart.com/article.php?id=D8VJVVF01&show_article=1

The Justice Department approved Sirius Satellite Radio's $5 billion buyout of rival XM Satellite Radio on Monday, saying the deal was unlikely to hurt competition or consumers.

The deal was approved despite opposition from consumer groups and an intense lobbying campaign by the land-based radio industry.

[BoredWithNoSB]

Crossing fingers that Borders-Barnes & Noble is not next, but this does not set a good precedent.

[hannitykillspuppies]

Crossing fingers that Borders-Barnes & Noble is not next, but this does not set a good precedent.

how is it not good precedent?

[hannitykillspuppies]

http://www.breitbart.com/article.php?id=D8VJVVF01&show_article=1

The Justice Department approved Sirius Satellite Radio's $5 billion buyout of rival XM Satellite Radio on Monday, saying the deal was unlikely to hurt competition or consumers.

The deal was approved despite opposition from consumer groups and an intense lobbying campaign by the land-based radio industry.glad they took so much time on this and didn't have to think twice about exxon-mobil.

[ryr8828]

I guess this means I'll have twice as many people calling me begging me to renew my xm subscription.

[Vegas]

glad they took so much time on this and didn't have to think twice about exxon-mobil.

It was a pretty similar amount of time for both deals.

[hannitykillspuppies]

I guess this means I'll have twice as many people calling me begging me to renew my xm subscription.supposedly it will be a la carte service, or something along those lines.

[hannitykillspuppies]

It was a pretty similar amount of time for both deals.
i may have my monopolistic oil mergers confused, chevron - texaco?

[BoredWithNoSB]

how is it not good precedent?

cause it moves me closer to being out of a job.

[hannitykillspuppies]

cause it moves me closer to being out of a job.
how so?

[BoredWithNoSB]

how so?

One of the main reasons we (Borders) could not be bought out by our primary competitor (Barnes & Noble) is becuase there are only two major Bricks & Mortar book stores. By them buying us out it could create monopolistic tendancies.

However, by introducing the argument that Amazon is direct competitor (which is true, but can be argued against) then you have a green light to put me out of work (I would not be willing to move to NYC).

This decision clearly means that the justice department today has a broader understanding of competition and between this and the Whole Foods decision things don't look good.

[hannitykillspuppies]

One of the main reasons we (Borders) could not be bought out by our primary competitor (Barnes & Noble) is becuase there are only two major Bricks & Mortar book stores. By them buying us out it could create monopolistic tendancies.

However, by introducing the argument that Amazon is direct competitor (which is true, but can be argued against) then you have a green light to put me out of work (I would not be willing to move to NYC).

This decision clearly means that the justice department today has a broader understanding of competition and between this and the Whole Foods decision things don't look good.i don't really see the similarity between the situation you describe and this. there are hundreds of thousands of radio stations in this country.

[domenick2x]

i don't really see the similarity between the situation you describe and this. there are hundreds of thousands of radio stations in this country.
But only one with national coverage.

[BoredWithNoSB]

i don't really see the similarity between the situation you describe and this. there are hundreds of thousands of radio stations in this country.

There are thousands of small independant bookstores too.

[hannitykillspuppies]

There are thousands of small independant bookstores too.
clear channel isn't the equivalent of a small independent bookstore.

[hannitykillspuppies]

But only one with national coverage.i can listen to wip. i'm in florida.