Sirius Satellite Radio chief executive Mel Karmazin agreed to offer regulated lower prices for satellite radio services if the government approves a controversial merger between the two U.S. satellite radio providers. In return for some form of price controls, Karmazin hopes the Federal Communications Commission and other agencies approve the $13 billion merger between Sirius and XM. Critics worry that the transaction would create a monopoly that could raise prices and limit content options for consumers.
March 22, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Sirius Satellite Radio Inc. chief executive Mel Karmazin on Tuesday afternoon continued wheeling and dealing by agreeing to offer regulated lower prices for satellite radio services if the government agrees to a controversial merger between the two U.S. satellite radio providers.
In return for some form of price controls, Karmazin hopes the Federal Communications Commission and other agencies approve the controversial $13 billion merger between Sirius and XM Satellite Radio Inc.
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