LegalNewsLine Logo  
Saturday, February 11 2012 Twitter  feedburner  yahoo  Subscribe in NewsGator Online
News | Contact LegalNewsline | About Us | Advertise | RSS
Enter search keyword
 
clear
clear
NEWSLETTER
Receive our FREE weekly newsletter
click here
Today's Offers:

LNL MOST POPULAR ARTICLES
+ Vermont GOP wants Sorrell to look into possible union bullying
+ Hood critical of bill that would allow officials to hire outside attorneys
+ More than 40 states have signed on to proposed mortgage deal
+ Study shows plaintiff bias in Philly courts
+ Man, startled by bottle rocket shot out of anus, sues frat
LNL HOT TOPICS
+ Asbestos
+ Big Pharma
+ BP Oil Spill
+ Class Action
+ Dickie Scruggs
+ Federal Government
+ Financial Crisis
+ Global Warming
+ Hurricane Katrina
+ Lead Paint
+ Sub-Prime Mortgages
+ Tobacco
State AGs 
story date  
AGs unite for probe of XM-Sirius merger
Dann.jpg
Dann
WASHINGTON, D.C. - Eleven state attorneys general are demanding the Federal Communications Commission review the proposed merger between two satellite radio giants.

Claiming the merger between Sirius and XM, will create a singular giant on the marketplace, the attorneys general wrote in a letter FCC Chairman Kevin Martin Thursday.

"The combination of these companies will result in a single corporation controlling access to all nationally-available satellite radio," wrote the AGs, led by Ohio's Marc Dann.

"Given the national footprint, we are disappointed that the Department of Justice Antitrust Division would permit this merger to proceed unchallenged or without the imposition of appropriate terms and conditions that would reduce the proposed transaction's anticompetitive impact, such as the divestiture of spectrum to allow the entry of a new entity into this market."

XM and Sirius reached the agreement in Feb. 2007, and the U.S. Department of Justice decided Monday to close its investigation of the merger. It says no consumers or competitors will be harmed.

The FCC must also sign off on the merger.

"If this deal is allowed to proceed, Ohioans and radio listeners across the country will be forced to listen to limited programming offered by a monolithic entity at prices set in a monopolistic environment," Dann said.

"The antitrust laws were enacted to prevent deals like this. Since the (DOJ) didn't use those laws to prevent this monopoly, the FCC should use its powers to protect the public interest."

Joining Dann in the letter were Connecticut's Richard Blumenthal, Iowa's Tom Miller, Maryland's Doug Gansler, Mississippi's Jim Hood, Missouri's Jay Nixon, Nevada's Catherine Cortez Masto, Oklahoma's Drew Edmondson, Rhode Island's Patrick Lynch, Utah's Mark Shurtleff and Washington's Rob McKenna.

"Given that the FCC looks to a broader public interest standard than does the DOJ in fashioning its decisions in this context, we urge the FCC to address these important issues and give due consideration to the many concerns of the states," the letter says.

"Our offices stand ready to share with you our thoughts on the potential value of various remedial conditions available, such as mandatory publicly available interoperable receivers, a la carte pricing, and divestiture of spectrum."

The merger will be a tax-free union of approximately $13 billion. Each company's stockholders will own approximately 50 percent of the combined company.


Filed Under: State AGs

E-mail this article to a friend | Printer friendly format

MORE NEWS HEADLINES:
+ Okla. AG defends his decision not to join mortgage settlement - 2/10   read more
+ Payday lender ruled in contempt of Wis. settlement - 2/10   read more
+ Bill limiting Miss. AG's authority dead for breaking rules - 2/10   read more
+ Vermont GOP wants Sorrell to look into possible union bullying - 2/10   read more
+ Madigan recovered more than $1M for workers in 2011 - 2/10   read more
+ Mass. AG recovered $5M from labor violations - 2/10   read more
+ Blog: Mortgage settlement not all that great - 2/9   read more
+ Report: Va. AG sues over health spa memberships - 2/9   read more
+ N.H. AG settles with PetSmart over cadmium allegations - 2/9   read more
+ Conn. utilities board rules for Jepsen's motion - 2/9   read more


IN THE SPOTLIGHT:
garrett.jpg
Wednesday, February 08, 2012
PHILADELPHIA (Legal Newsline) - A roundtable of federal and state judges from across the country will convene at the posh Ritz Carlton on Feb. 9 to address topics such as "Can MDL's keep up with state court trial settings;" "Priority of deposition examination;" "State and federal cooperation;" and "Forum non conveniens."
Read more...


+ Study shows plaintiff bias in Philly courts - 2/6
+ Fannie Mae offers examples of routine dishonesty in its fight against lenders - 2/3
+ Quaker City courts have troubled history; some reject 'plaintiff-friendly' criticism - 1/31
+ Madison County asbestos docket feeds off intake firm referrals - 1/19
+ Torts conference set for Feb. 8 in Philly - 1/18
BROWSE BY STATE:
 
BROWSE BY AG:
 
BROWSE BY DATE:
 
NEWS WIDGET:
Attention bloggers:
Add Record Headlines to your site!


fast + free- click here
NEWS | CONTACT LEGALNEWSLINE | ABOUT US | ADVERTISE | RSS © 2008 LegalNewsLine.com. All Rights Reserved.