Cramer Continues Merger Support
Jim Cramer is still focused on the proposed merger of Sirius and XM. Tonight, he interviewed Rep. Gene Green who was central to a letter against the merger sent to government regulators. Cramer points out that Green has accepted $35,000 from the National Association of Broadcasters and $13,000 from Clear Channel.
Green defends his anti merger stance citing the Direct TV and Echostar merger.
Cramer promises to continue his support for the merger. This is sure to be entertaining to watch over the coming days.
Video of Cramer interview with Green.
Position – Long Sirius, Long XM
I can understand he did not want to get into a debate, but he could have mentioned the main reason given for not letting Dish and Directv to merge. Whitch was cable was not in all areas, and in those areas there would only be one choice if the two satilite tv companies were to merge.
With the $ Green got maybe he should of bough a newspaper to learn that Sirius has already mentioned they are offering ala-carte and having the $12.95 monthly rate frozen for a specified time regarding some key concerns the DOJ/FCC had.- so his argument about raising the rates doesn’t hold up.
Also now that Dish/Direct did not merge the DOJ/FCC should be kicking themselves because the playing field has changed since then. and cables access to phone and internet has made it uneven. I would not be surprised if the Dish network side of the business makes another bid to merge with Directv after the Siruis/XM merger get’s done.
TV is a different market and its availiability was critical in some areas. Audio delivery is a different story. Radio is everywhere and since satellite radio is a luxury that competes against many other forms of audio delivery like i-pods and cell phones there is no comparison with the Dish/DirectTV deal.
Every deal and market has its own unique parameters. Using a rejected merger as an example is a proof that there is no honesty here. They do not want to answer the question: Is it good for the public? Is it good for competition?
The companies already offered concessions and said that this merger will help us make things better for everybody. Consumers clearly get more choise and better prices. Competition is there and thriving trying hard to eliminate satellite radio.
Let them merge or tell them no and let one company belly up. Just do not waste our time anymore.
>>> Radio is everywhere
No more than is TV.
And if you take into account the nature of radio programming versus that of TV, radio is LESS available than TV.
For example, there are very few places in the country where significant classical music programming is available — and probably not one place where you can find a 100% opera channel. Now, you can say, “I don’t like opera”, but maybe I do, so who do I talk to about that?
The pro-merger argument is one of convenience for you guys — you want it because you think it will prop up a company you hold stock in, or because Mel says it is a good thing, or whatever.
The reality is the merger will create a monopoly for a service that was supposed to have two competitors. And the lack of competition will destroy satellite radio, and those of us who didn’t arrive just lately hate to see it.
FrontMed your argument on content is ridiculous. There are plenty of things I cant get on satilite, that only terrestrail has Rush Limbaugh for instance.
Once again your narrow veiw of what the market is, makes it convenent for your monopoly argument. The fact is the argument should only be is it satilite radio or is it radio.
There are plenty of us who have been invested, and subcribe in the satilite radio industry for a vary long time, that would like to see the merger go through. I feel comfortable in saying many more of us would like to see the merger go through then there are that would not.
Rush Limbaugh chooses not to allow his programming to be on satellite radio.
But you seem to be totally confused. (Well, nothing new there).
The point is that listeners to classical music have no alternative to sat radio over most of the country. And the same can be said of many other genres. As can it be said for not having any other outlet for Opie and Anthony or Stern.
Just as satellite TV provides enhanced choice for those in remote areas, satellite radio provides enhanced choice for those in areas that don’t have access to some programming.
I think you have a difficult time with some of these concepts, thus, I’ll leave it for you to ponder on it a bit. Perhaps you could find someone who doesn’t mind explaining it to you.
FrontMed, you once again show what a complete idiot you are by trying to argue against this merger on a content issue. You were destroyed the last time you tried. That is why I used Rush (remember when Tyler used him as a example)to remind you of the last time you tried this illogical arguement.
As a matter of fact Rush said he is not interested in satilite because he wants to reach as many people as possible. Which he could not do at this time if he switched to satilite. He then said I know what you people are going to ask next; which is why dont you do both, and he replied to himself; I dont have enough time to do what I have now, much less another show.
Next thing dumbshit, I was able to own and operate a few companies and have fired people far more intelligent then you. You FrontMed make me wish I didn’t retire at 39, so I could buy the company you work for and cut some dumb fat by firing you.
“The point is that listeners to classical music have no alternative to sat radio over most of the country”
Really? Are you joking? No alternative for classical music? Have you ever heard of an iPod?
Oh wait, I’m sorry, you’re right, classical music on an iPod isn’t “live”, so of course it doesn’t qualify. We all know that Mozart sounds completely different in mp3 form vs live radio form, so therefore we have no choice. I apologize for the confusion.
When your only real competitive advantage is that “you don’t have to download your music”, then you are not a monopoly: you are, at best, a NICHE.
Rush is doing what he is doing for one reason only, and that is because he can make more money that way.
As to your namecalling and personal attacks, I can only say that there is no shortage of people who claim to be “retired at 39” on the Internet. Most of them are simply out of work.
The businesses I own are not for sale, but even if they were, my work requires the ability to form grammatically correct sentences and the ability to spell, while rules you out as a possible buyer.
I have no doubt that is what he is in it for (the money). It still doesn’t make your arguement on content valid idiot.
Once again if your not the pot calling the kettle black. Whats the matter, you have no problem being the one who does the name calling but you cant take it when people do it to you (you hippocritical ass).
I tell you what, this out of work individual is willing to put his money were his mouth is. You say, you believe Whole Foods will be broken up. I say it will not be reguardless of any ruling. Why dont we meet in the Venetian in Las Vegas. I’ll bet you 25,000+ it wont be. I’ll even pick up the Fee for the Venetian to be the controler of the bet. Just bring yourself and 25,000+(I put the + in if you want to go higher something tells me, I can match anything you want to bet).
Need I remind you of the last time you said that. I was able to go through you last few postings and find several grammatical mistakes. You have a habbit of telling other people what they should do and not do, yet you have a problem of following your own advice (Once again you hippocritical ass).
Ronald Reagan said himself he was a bad speller. Let me just say spell check does not make you an intelligent man. I know that for a fact just by reading what you have wrote.
John
Hippocritical (LOL) ass, here.
You seem a bit frustrated. These posts have become a bit counterproductive, so take a rest, okay?
I am sorry if it bothers you Hip. It is a pet peeve of mine (people like FrontMed) who have a problem when someone does something to them, after they have done it themselves to others. If I can goad that type of person into losing 25,000 or more why not (also it would mean a trip to Vegas, LOL), he seems like he can afford it.
You are right though it was getting off point, I apologize.
>>> If I can goad that type of person into losing 25,000 or more why not (also it would mean a trip to Vegas, LOL)
I wouldn’t want you to have to sell your trailer.
Dont worry about me hippogridical ass(FrontMed). I gamble with more in Vegas then you probably make in a year, I’ll be just fine. Dont make excuses for not wanting to bet, just admit you were wrong. That your not willing to back up your arguement because you yourself dont have that much confidence in it, or cant afford it. Your excuses are like your arguements ridiculous.