Sirius, XM Execs Visit FCC
Top brass from Sirius Satellite Radio and XM Satellite Radio paid visits to the FCC last week, according to agency filings (via the Orbitcast blog). The companies are trying to persuade commissioners to approve a pending merger estimated to be worth $13 billion.
Sirius honchos Mel Karmazin, Scott Greenstein, David Frear, Patrick Donnelly and Terry Smith took part in a Thursday meeting. A day earlier, XM's Gary Parsons, Eric Logan, Mark Vendetti and Jeff Blattner made an appearance.
During the meetings, executives discussed various aspects of the satellite radio business, "including the topics of subscribers and service, content and advertising, technical issues, and business relationships with automobile manufacturers and retail outlets."
Meanwhile, the National Association of Broadcasters' opposition to the deal continued. NAB spokesman Dennis Wharton issued a statement last week noting that XM and Sirius are spending millions "trying to bamboozle the Beltway into believing that a monopoly is good for consumers. Never in history has a monopoly served consumers better than competition."
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