Circuit City came out in support of the Sirius and XM Merger today with a letter written to the FCC. The electronics retailer stated, “Circuit City Believes that the FCC should allow Sirius and XM to implement their plans to make satellite radio a stronger competitor, and provide improved product and service to consumers, by approving their applications in this proceeding.” The letter was signed by Circuit City Chairman, President, and CEO Philip J. Schoonover.
Comments continue to roll in to the FCC regarding the merger. With over 4,000 comments tracked by Sirius Buzz, the Pro-Merger comments account for over 78% while the Anti-Merger comments come in at a bit over 20%. The comment period ends July 9th.
Position - Long Sirius, Long XM, no Position Circuit City -IMOJB-