Monday, February 19, 2007

NAB Opposes Merger

To no surprise, the NAB came out against the merger (takeover) today saying:

"In coming weeks, policymakers will have to weigh whether an industry that makes Howard Stern its poster child should be rewarded with a monopoly platform for offensive programming. We’re hopeful that this anti-consumer proposal will be rejected."

The NAB was not very complimentary about satellite radio further stating:

"When the FCC authorized satellite radio, it specifically found that the public would be served best by two competitive nationwide systems. Now, with their stock prices at rock bottom and their business model in disarray because of profligate spending practices, they seek a government bail-out to avoid competing in the marketplace."

Looking for a battle royal in the ensuing months from NAB and the WCS Coalition. There will be concessions.



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