Jim Cramer has stated on today’s Wall Street Confidential on TheStreet.com that regulators won’t block the XM (XMSR) & Sirius (SIRI) merger, plus EMI/WMG, plus an assault on Trump.
Warner (WMG) & EMI: Cramer thinks this can get past the US regulators, but EU doesn’t recognize that these might be ‘saved’ by a merger. Cramer said it MUST happen to preserve the music business. The EU is looking out for the consumer so it could get balked.
Cramer said the XMSR/SIRI deal is a LAY-UP and that Martin has probably green-lighted this deal. Cramer said iPod and Free Terrestrial Radio compete and all the show trials and show hearings will take place before they approve it. He also thinks it could take a year to get done. Keep in mind that just last night the ex-FCC head (Michael Powell) also noted that he believes this will ultimately get approved.
SPITZER’s approval of gambling was noted by Cramer that gambling in New York (outside NYC) is a direct threat to Trump (TRMP) because they failed in Philly, although he likes the management team.
Jon C. Ogg
February 21, 2007
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