Friday, April 25, 2008

Sirius - XM Satellite Merger Being Delayed

So the FCC has delayed its decision on the merger of Sirius and XM Satellite. They have decided to not address it at their next meeting and have not placed it on their agenda. All this, even thought he Department of Justice has approved their merger. So what is the FCC waiting for, a unanimous vote, as suggested in this article, or something else. Whether unanimous or not, this merger should be approved and these delays are not helping. It is government getting in the way of market forces. Let a free market decide if paid radio is preferable to free radio and other entertainment options.

Has the FCC become so powerful that they should be more carefully watched themselves?