Rerh accused Sirius and XM of breaking promises and asserted that neither company can be trusted. To trust the new, combined company would be stupid, he alledged . Cooper also brought up "inter-modal competition" (competition between services that offer similar, but not the same products.) According to him, inter-modal competiton has a poor track record of keeping down costs and increasing product quality. The National Association of Broadcasters (NAB) is going to fight this merger tooth and nail. Sirius and XM will both operate as they do currently for the forseeable future. Both XM and Sirius radios will continue to receive their existing channels, in addition to new content carried over from the other network. If the merger does go through, there may be additional requirements, such as educational programming and price controls. XM and Sirius can be said to compete with other media outlets, such as terrestrial radio and portable audio devices. The NAB's presence at the meeting seems to contradict their monopoly claims. While the NAB claims that the merger would create a monopoly, they act as if it won't: the satellite network will be competing with NAB stations. Based on an Arbitron report, a satellite radio listener actually listens to more terrestrial radio than a non-satellite radio listener: 14 hours of terrestrial radio for 10 hours of satellite. Emerging technologies exist that will increase the competition in the marketplace: cell phones can now download songs and news. Podcasting is on the rise. Internet radio is more popular than ever. At this point, most of the panel members did not want to hear "trust me" from Karmazin. They wanted some other form of assurance. If the companies do indeed form a monopoly, the cost of entry for new competitors is high. Nobody knows whether approving or denying the meger will save or destroy satellite radio.
Rerh accused Sirius and XM of breaking promises and asserted that neither company can be trusted. To trust the new, combined company would be stupid, he alleged . Cooper also brought up "inter-modal competition" (competition between services that offer similar, but not the same products.) According to him, inter-modal competition has a poor track record of keeping down costs and increasing product quality. The National Association of Broadcasters (NAB) is going to fight this merger tooth and nail. Sirius and XM will both operate as they do currently for the foreseeable future. Both XM and Sirius radios will continue to receive their existing channels, in addition to new content carried over from the other network. If the merger does go through, there may be additional requirements, such as educational programming and price controls. XM and Sirius can be said to compete with other media outlets, such as terrestrial radio and portable audio devices. The NAB's presence at the meeting seems to contradict their monopoly claims. While the NAB claims that the merger would create a monopoly, they act as if it won't: the satellite network will be competing with NAB stations. Based on an Arbitron report, a satellite radio listener actually listens to more terrestrial radio than a non-satellite radio listener: 14 hours of terrestrial radio for 10 hours of satellite. Emerging technologies exist that will increase the competition in the marketplace: cell phones can now download songs and news. Podcasting is on the rise. Internet radio is more popular than ever. At this point, most of the panel members did not want to hear "trust me" from Karmazin. They wanted some other form of assurance. If the companies do indeed form a monopoly, the cost of entry for new competitors is high. Nobody knows whether approving or denying the meger will save or destroy satellite radio.
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alledged
alleged
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competiton
competition
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forseeable
foreseeable