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Wednesday, February 21, 2007

U.S. media moguls merging

Nothing like having friends in high places so you don't have to worry about following the rules like the common folk do. (Article here.)

In fact it's so handy that it's apparently not even necessary to bother going through the motions.

Sirius CEO Mel Karmazin and XM Chairman Gary Parsons are confident that the proposed merger between their two satellite radio companies will make it through the regulatory process, even though current FCC rules prohibit one satellite radio company from owning another. ...

The always-savvy Karmazin also revealed that he's already speaking with members of Congress about the deal ...

Article here.

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