Monday, February 19, 2007

Everything that rises must converge

Satellite radio operators Sirius and XM are expected to announce their long-awaited merger today, according to a source familiar with the deal.

Source.

I'm an XM subscriber. If I lose my Verge or XMU, I'll be furious.

Money quote from the source article: "With antitrust issues of paramount importance, this source said lawyers for both companies were working overtime to fine-tune the language of the agreement."

Emphasis mine: the idea that the question of monopoly even comes up at all is absurd. These are two struggling radio spectra merging for the sake of survival, not a pair of government-subsidized telephone cartels.

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