We live in exciting times. But that alone isn't going to get the FCC to give the merger between XM Satellite Radio
What Tim seems to be forgetting in dismissing the FCC's takedown of DirecTV and EchoStar's Dish in 2002 is that video delivery was pretty vibrant back then. You had cable giants such as Comcast
Tim thinks the real reason that Clear Channel is struggling and opted to punch out is Google
No one is paying for terrestrial radio, HD radio, and most Internet stations. XM and Sirius are the ones cornering the market when it comes to premium audio programming. Companies such as Audible
I still believe that the market for premium audio is limited. The next time Tim wants to see The Hunt for Red October, all he has to do is pull up a Sirius or XM income statement. He'll find all the red he needs there. Still, I just can't conceive of the FCC signing off on a combination of the only two companies licensed to broadcast satellite radio.
It's as simple as Monopoly. Go back three spaces? Go back five years. History repeats, my friend.
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Longtime Fool contributor Rick Munarriz has been a Sirius satellite subscriber since 2004 and an XM subscriber since 2006. He does not own shares in any of the companies in this story. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.