It took some doing -- and more than a year of "investigation" -- for the Justice Department to come up with its undisclosed evidence and tortured logic to justify this strikingly anti-consumer decision. As precedent, it could be used to justify the merger of ABC with both CBS and NBC, Clear Channel with the Bonneville radio network or even Coke with Pepsi. The message it sends to business executives is clear: If you find yourself in a tough competitive environment, the best strategy is not to find a way to offer better products and services at a better price, but rather to call your investment banker and negotiate a truce with your biggest rival.
You can read his whole column at the link below. There are some left-leaning comments that may anger some right-leaning readers, but beyond that, it is a great column that sums up what the majority of people are thinking about this DOJ blunder of allowing the XM-Sirius monopoly.
Steven Pearlstein - Washington Post - 03/26/08