Drop the merger deal, NAB tells Karmazin

June 08, 2007 The head of the National Association of Broadcasters is urging Sirius Satellite Radio CEO Mel Karmazin to end his attempt to merge the nation's two satellite radio companies and accusing the executive of misleading the public about the deal's benefits. Karmazin has told Congress and investors that merging Sirius and XM Satellite Radio will bring customers more programming choices without a huge increase in cost. Any gains resulting from a merger of Sirius and XM will largely accrue to Wall Street and the companies' executives and not African-American, Latino or other programrs or consumers.

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