Monday, 24 March 2008
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Written by
Jerry Del Colliano Jr.
After an impossibly long and painful debate by the department of Justice’s Antitrust Division, the number one and number two satellite providers, XM and Sirius, will be allowed to merge - barring approval from the FCC. Lobbyist groups financed by failing terrestrial radio companies fought to block the merger as radio, once the darling of Wall Street along with the dotcom stocks of the late 1990s, are sucking wind with investors and listeners alike. And much like their former lovers, the major record labels, terrestrial radio is now fighting every new technology at every turn. That was a method for disaster for the labels and will not suit terrestrial radio very well either as they are losing their core Boomer and Gen Xer listeners and will never even have a chance to reach the up-and-coming Generation Y users as they ...
