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Although executives of XM and Sirius say they are confident that the proposed merger will pass regulatory hurdles easily, some analysts believe the battle will be an uphill one.
Jonathan Jacoby, an analyst with Bank of America, believes the chances of the deal getting FCC approval before the end of Q1 next year are less than 50 percent, writes Mediaweek. Jacoby thinks it possible that the the National Association of Broadcasters could seek a legislative solution to block the merger. The NAB, in its turn, said it would be “shocked” if federal regulators permitted the merger.
Bear Stearns analyst Robert Peck, on the other hand, said earlier this week that he believes a merger would pass regulation.
Satellite radio currently reaches only 10 percent of the potential market and pulls in just a fraction of ad dollars.
Mel Karmazin, CEO of Sirius who has been named CEO of the new company, points out that there is plenty of other competition in the market, such as terrestrial radio, HD Radio, internet radio, iPods, cell phones, and cars with MP3 jacks.
Radio stations in the U.K. reacted with outrage when they learned of a report by researchers from the University of the West of England which accused them of promoting excessive drinking.
The study looked at 1,200 hours of radio output,…
General Motors posted sales of 308,817 vehicles in August. That’s a drop of 20 percent from August of last year - but 31 percent better than July.
In order to boost sales as much as possible during a time when…
A new digital out-of-home network to reach golfers is launching to 100 retail locations in the next two months. The network will be available in Dunham’s Sporting Goods, Golf Etc., Golf USA, Pro Golf, and ParMasters, among others.
Fox says that viewers’ attention to commercials is higher when fewer commercials are aired. The revelation comes as a result of testing the network has done for its freshman thriller, Fringe, which will premiere Sept. 9 with limited commercials and shorter…
Worldwide sales of mobile phones will reach 1.28 billion units in 2008 - up from 1.15 billion units in 2007 - an 11 percent increase from last year, according to Gartner, Inc - (via MarketingCharts).
While the mobile phone market is poised for…
Consumers in all income segments are cutting back spending, and doing so to a greater extent recently than at the beginning of the second quarter, according to a comScore study examining changes in consumer attitudes and perceptions about the U.S. economy…
