Georgetown Partners Files Documents vs. XM-Sirius Merger

GEORGETOWN PARTNERS FILES DOCUMENTS VS XM-SIRIUS MERGER
[SOURCE: Broadcasting&Cable, AUTHOR: John Eggerton]
Minority-owned private equity firm Georgetown Partners Monday filed a raft of documents with the Justice Department against the merger of XM Satellite Radio and Sirius Satellite Radio. Georgetown is specifically unhappy with reports that while the Justice Department's antitrust division's lawyers and economists have recommended blocking the merger, Thomas Barnett, the head of the antitrust division, was looking for more analysis from the same economists in an effort to apply regulatory "Band-Aids" to what it called a "fundamentally flawed monopoly structure." "DOJ approval of the proposed merger would represent nothing less than an abdication of DOJ's responsibilities to protect the economic welfare of American consumers," and a "repudiation" of basic horizontal merger guidelines, Georgetown said. http://www.broadcastingcable.com/article/CA6509098.html?rssid=193