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Sirius (SIRI) Merger With XM Satellite (XMSR): A Little Sleaze From The NAB

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By Douglas A. McIntyre Published
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The National Association of Broadcasters and all of its radio station members are against a merger of Sirius (SIRI) and XM Satellite (XMSR). They don’t want the satellite radio business to be any stronger than it is today.

But, has the NAB crossed the line in terms of the way it is lobbying to keep the deal undone? Probably.

According to The Washington Post, the NAB got thousands of e-mails sent to the FCC with messages opposing the merger. But, when the newspaper checked with some of the people who had sent the notes, a number of them could not remember being involved. According to a piece in the Post "the lobby group said it inspired the sending of 8,500 e-mails to the agency by buying pop-up ads on consumer-oriented Web sites such as CarMax.com, Staples.com and PriceGrabber.com in August and September." (CarMax has written us saying that they do not have pop-ups at their site.)

Was the move by the NAB legal? Perhaps. Was it sleazy? Definitely.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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