What You Should Have Read, May 24, 2007

Bloomberg: Satellite Radio Merger Should Be Rejected

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XM, Sirius Merger Should Be Rejected, Senator Says
Bloomberg reports that U.S. Senator Herb Kohl, chairman of the Senate antitrust subcommittee, urged regulators to block the proposed combination of XM Satellite Holdings Inc. and Sirius Satellite Radio Inc., saying the merger will hurt consumers.

Key Dow Jones Holder Cites Opposition to Murdoch Bid
The Wall Street Journal gives an update on the Bancroft family's stance on Rupert Murdoch's offer to buy Dow Jones. Christopher Bancroft, considered an influential member of the family and a Dow Jones director, said he opposes selling the company to News Corp. for fear such a step would endanger The Wall Street Journal's independence.

Couric Staying, Says Former CBS Exec
The Los Angeles Times reports that "CBS Evening News" anchor Katie Couric isn't going anywhere, despite her difficulty in building a bigger audience for the show eight months into her tenure, according to former CBS News President Andrew Heyward, who made his remarks at a media conference.
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