Sirius-XM Study Says Merger Will Help Consumers

Law360 (June 15, 2007, 12:00 AM EDT) -- Sirius Satellite Radio and XM Satellite Radio Holdings announced the release on Thursday of a study they commissioned that says the companies' proposed $13 billion merger, currently pending federal approval, will benefit consumers.

The study, produced by Thomas Hazlett, a professor at George Mason University and former chief economist for the Federal Communications Commission, argues that the merger will make the radio market more competitive. This finding depends on the premise that satellite radio is competing directly with conventional AM and FM radio.

The study notes...
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