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NAACP Lends Support To Sirius/XM Merger
Sirius Satellite Radio have announced the endorsement of the NAACP, the nation’s largest grassroots civil rights organization with over 400,000 members, for their pending merger.
“We are extremely pleased to enjoy the support of such a well-respected and influential organization in the African American community,” said Gary Parsons, chairman of XM Satellite Radio and Mel Karmazin, CEO of Sirius Satellite Radio, in a joint statement.
In a letter to the FCC, NAACP Director Hilary Shelton affirmed, “We are convinced that the pending Sirius-XM merger will be a positive development for consumers. More diverse, accessible and appealing options at lower prices in satellite radio will help further expand the reach of this medium.”
“We have no doubt that a merged satellite radio company would continue, and in fact, strengthen its commitment to diversity in employee recruitment and retention, while expanding its pool of diverse contractors and vendors,” added Shelton.
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