Cramer Thinks XM-Sirius Gets Approved

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By Douglas A. McIntyre Updated Published

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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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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