Thursday, December 13, 2007 - The Progress & Freedom Foundation Blog

A Rushed Review for XM-Sirius?

According to this AP story, Rep. John Conyers, D-Mich., chairman of the House Judiciary Committee...

has expressed concern in a letter to Attorney General Michael B. Mukasey that the Justice Department may "rush through" an approval of Sirius Satellite Radio Inc.'s $5 billion purchase of its rival XM Satellite Radio Holdings Inc. [Conyers] also said he was "dismayed to learn" that Thomas O. Barnett, the head of the department's antitrust division, may approve the deal "over the objections of department staff." The Judiciary Committee oversees antitrust issues. Rep. Steve Cabot, an Ohio Republican, also signed the letter. The two members said they haven't yet taken a position on the transaction, but urged Mukasey to "preserve your ability to personally participate in the department's deliberations."

Only in Washington would it be considered "rushed" to take a year to review a proposal. Absurd.

posted by Adam Thierer @ 9:44 AM | Antitrust & Competition Policy , Mass Media