Also, I am convinced that Sirius head, Mel Karmizan, who would run the newly merged company, is a money whore that would destroy programming, sell ad time on ever channel and would nickel and dime the subscribers with his proposed a la carte plan.
One of the main arguments for the merger is that combining their assets they could collectively save money and become more cost efficient. So in order to show their abilities in this arena, XM spends money on lobbying... A LOT of money.
NEW YORK (AP) - XM Satellite Radio Holdings Inc. spent roughly $1.2 million in 2007 to lobby for approval of its proposed $5 billion acquisition by rival Sirius Satellite Radio Inc., among other issues.
The satellite radio operator spent $580,000 in the second half of 2007 to lobby Congress and the Department of Justice about the pending merger, according to a disclosure form posted online Tuesday by the Senate's public records office.
Glad to see my $12.95 a month is spent this way. Now of course this is not as bad as wasting $500 million for irrelevant on-air talent, but it sure does still stink.