Merger Testimony: No Price Rise for Satellite Radio? Doubtful Says Consumer Group

From hearusnow.org: "The heads of XM and Sirius want consumers to believe that prices won't rise after a merger, but that's probably not the case. By highlighting a price freeze for the old package of services, they leave the impression that's what consumers will pay for the new, combined offerings. But they haven't really said what the new prices will be." - Gene Kimmelman, Vice President of International and Federal Affairs at Consumers Union testifying at today's House Telecommunications Subcommittee hearing on the proposed XM/SIRIUS merger. Read more about this testimony.

Recent: A Satellite Radio Merger: the Good, the Bad, the Ugly

Background: XM and SIRIUS Satellite Radio Announce Merger Agreement