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 …
The Justice Department finally approved the merger between XM and Sirius last night. Now the FCC is the only barrier standing between sports fans and a product that lets them listen to every NFL and MLB game every year. The New York Times reports on the DoJ’s reasoning: The Justice Department’s antitrust division announced Monday that it approved the merger after determining that prices were not likely to rise, in part because of competition from other program sources, like high-definition radio as well as iPods and other MP3 players that …
