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3/01/2007 12:36:00 AM
WASHINGTON--Sirius Satellite Radio CEO Mel Karmazin on Wednesday defended the proposed union of his company with XM Satellite Radio before a panel of politicians with varying degrees of concern about the deal's potential impact on consumers.
Appearing at the first hearing convened here by the House Judiciary Committee Antitrust Task Force, Karmazin said a combination of the sole two satellite radio players would lower, or at least cap, its prices and provide more programming choices.
For example, one network carries Major League Baseball games, and the other carries the National Football League games, but neither carries both. Sports fans would no longer have to pay to subscribe to both services or buy two different radio receivers if the entities merged, he said. Karmazin also pledged that existing radio receivers for each service would continue to work after the melding of the companies... Read More
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