Panero: XM CEO Sees Cell Phones As Next Satellite Radio Frontier
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&quot;Magic can happen.&quot; Sirius Satellite Radio (nasdaq: SIRI - news - people ) may have signed Howard Stern and the men&#39;s NCAA basketball tournaments, but XM Satellite Radio (nasdaq: XMSR - news - people ) has its sights on your cell phone.
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There's more to satellite radio than meets the ear.
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XM Satellite Radio Holdings  introduced a handheld portable version of its satellite radio.
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By Seth Sutel THE ASSOCIATED PRESS  NEW YORK -- Satellite radio rivals XM and Sirius have every intention of merging, but not just yet.  Until they clear serious regulatory hurdles, Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc.
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Ford Motor Co. F.N said on Monday it  would offer Sirius satellite radio in more vehicles, as Sirius  fights to catch up with industry leader XM Satellite Radio  Holdings Inc. XMSR.O
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XM Satellite Radio Holdings Inc.   said on Tuesday that Hugh Panero, its chief executive  and a company founder, will step down in August.
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XM Satellite Radio  said on Tuesday that Hugh Panero, 51, its chief executive and a company founder, would step down in August, after earlier saying he would resign once a proposed merger with rival Sirius Satellite Radio  was approved.
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(InfoWorld) - The U.S.'s two satellite radio operators, Sirius Satellite RadioÂ and XM Satellite Radio Holdings announced Monday they plan to merge, pending a potentially difficult approval process. The all-stock deal will see XM shareholders receiving 4.6 shares of Sirius stock for each XM share they own. The new company would be worth $13 billion, based on the companies' estimates, although neither company has ever turned a profit. Sirius and XM combined lost over a billion dollars last year on total revenues of about $1.5 billion. Because the two are the only companies licensed by the U.S. Federal Communications Commission (FCC) to offer satellite radio services, the merger may face regulatory opposition over creating an industry giant that would be hinder competition. Sirius CEO Mel Karmazin will become the new company's CEO, with Gary Parsons, currently XM's chairman, set to become its new chairman. Executives from both companies will continue in their present roles until the deal closes, expected by the end of 2007. The two companies pioneered the concept of subscription-based radio services, delivered nationwide via satellite. Both Sirius and XM charge subscribers $12.95 per month for their services. Sirius surprised the radio world in 2004 when it signed shock-jock Howard Stern to a five-year, $100 million contract. Stern remains the network's chief draw of over 130 channels, which includes NFL game broadcasts and related talk shows. XM has about 160 channels and counts talk-show and entertainment titan Oprah Winfrey among its celebrities. XM claims 7.6 million subscribers, and Sirius 6 million.
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Industry executives at the NXTcomm trade show in Chicago roll out ambitious plans for land-based and wireless broadband services.
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XM Satellite Radio Holdings Inc.   XMSR.O said on Wednesday it added some 285,000 new net   subscribers in the third quarter, fewer than that of rival   Sirius Satellite Radio SIRI.O, and both said they remain on   pace to meet full-year targets.
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XM Satellite Radio Holdings Inc.  XMSR.O shares rose nearly 6 percent before the bell on  Wednesday ahead of a news conference the company is holding in  conjunction with Major League Baseball.
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XM and Sirius are inching closer to being fruitful and multiplying.
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XM's third-quarter report shows why a combination is imperative.
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XM Satellite Radio and radio manufacturer Delphi yesterday introduced the Delphi XM MyFi, a portable, handheld satellite radio receiver the companies hope will lure more consumers to a medium currently limited to car and home units.
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CHEJU, South Korea  - Global mobile operators and   device makers are betting that the next level of transmission   technology will ramp up mobile phone usage in a way that   third-generation technology has so far failed to do.
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Top U.S. satellite radio service XM  Satellite Radio Holdings Inc on Wednesday said it has signed a  deal to air games from Major League Baseball for the next 11  years in a deal worth $650 million.
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Sprint and Nextel herald "the future of communications."