Both Sides Now: Ashcroft and XM
By Michelle Krebs March 4, 2007Former Attorney General John Ashcroft approached XM Satellite Radio Holdings Inc., offering his consulting services. When XM declined his offer, Ashcroft was hired by the National Association of Broadcasters to fiercely oppose an XM merger with competitor Sirius Satellite Radio Inc., according to The Wall Street Journal Sunday.
The paper reported Ashcroft approached XM in the days after the merger to offer his consulting services. XM declined. He was then hired by the broadcasters association. Last week, Ashcroft sent a letter to his successor, Attorney General Alberto Gonzales, blasting the proposed merger, citing negative impact on competition.
Proving once again, money talks.
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