Post by RichIt is very simple. Should not find the value in the merged company,
cancel. You won't die or even go hungry or get cold without satellite
radio.
There is an FCC, and since it began auctioning spectra it has had a
clearly stated goal of promoting competition so that consumers don't
get screwed.
In this instance, Sirius goofed and spent itself into oblivion on
Howard Stern and others. While XM's losses are declining toward
eventual profitability, Sirius has lost A BILLION DOLLARS MORE than
ANYONE expected over the last two years (coincidentally, since they
hired Stern).
The fact that you won't die or even go hungry or get cold without
satellite radio does not provide any more rationale for the
elimination of competition in the sector than any of the other
nonsense arguments Siriots have put forth. The fact of the matter is
that Sirius cannot (as I've been telling you nitwits for years now)
survive given its wild spending. So, now, they need XM to bail them
out -- XM, who is still losing money itself.
Even though XM's Board of Directors will be running the combined
company, it is STILL not a good thing to eliminate a competitor via
merger. The fact that XM has a more competent Board is great, but if
you think they're not going to take advantage of the consumer when
they have no competition, you have another think coming.
Not that you can think in the first place, of course.