The Consumer Coalition for Competition in Satellite Radio sent a letter to all FCC commissioners about Sirius’ latest subscriber numbers.
The satcaster reported exceeding 8.3 million subscribers in 2007 with the expectation of “significantly greater positive free cash flow” for the fourth quarter of 2007, according to its early January press release. C3SR stated that given these facts, competition with XM has not weakened Sirius. “Neither Sirius nor XM have made a failing-firm argument.”
The group again urged the commission to deny the merger, noting that if approved, consumers will no longer have a choice in satellite radio and “will be forced to accept the programming and prices dictated to them by a monopoly provider.”
XM and Sirius say the opposite is true.
