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
Want to Retire Early? Start Here (Sponsor)
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
