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Marketplace Realities Won at DoJ
Posted By Conn Carroll On March 25, 2008 @ 5:34 pm In Economics | Comments Disabled
The Heritage Foundation’s Chairman of the Center for Legal and Judicial Studies Ed Meese and Senior Research Fellow in Regulatory Policy James Gattuso issued the following joint statement on the DoJ XM Sirius merger decision:
Yesterday’s decision by the Department of Justice not to oppose the merger of Sirius and XM was a victory for consumers. Kudos to the DOJ for recognizing that antitrust laws should not look only at narrow, formalistic, definitions the market, but instead at the realities of the marketplace. As our research has shown, the radio market is highly competitive – with satellite radio only one among many competing options for listeners. And by allowing satellite radio to become more efficient, this merger promises to increase that competition. Now it’s up to the FCC to complete this year-long process by granting its own approval. It should do so expeditiously, without conditions.
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