I just read that XM has spent $30 million in its effort to finalize the merger with Sirius. This includes $1.2 million in lobbying costs. These figures were reported by the Washington Post and touted by the NAB.
The NAB has spent considerable resources opposing the merger itself, although I have yet to see how much of its members’ money has been spent on the effort. I’m sure it’s a hefty sum.
I wonder if the NAB’s money could be better spent somewhere else.