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Web Media Wire Daily
Untitled Document

Your kid is the reason for this entire merger shit

Published: Monday, February 26, 2007

And all this time we thought it was due to the demands of greedy shareholders looking to cash in on top of the heap they already have. We thought when Mel Karmazin finally got XM to agree to work towards a merger it was because of his own doing and dream. Apparently we have been wrong all along.

Your teen daughter - with her iPod and MySpace page - is responsible for the multibillion-dollar Sirius-XM and Warner Music Group-EMI merger attempts. That's because behind both proposed couplings is the rise of digital music - particularly on peer-to-peer services where usage is heaviest among 13- to 18-year-olds - and the threat it poses to their survival.

Consider, for example, that within two years roughly 40 percent of all new automobiles - satellite radio's bread-and-butter subscriber base - will come equipped with audio jacks for iPods and other MP3 players.


So shouldn't these teens be present when these companies go up to plead their case?

YOUTHS' DIGITAL HABITS FORCE SATELLITE RADIO, MUSIC MERGERS [NYP]

Labels: MelKarmazin, Mergers, Sirius, XM

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