FCC chief questioning XM-Sirius deal: NYT
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Kevin J. Martin, the chairman of the Federal Communications Commission, has privately questioned recent congressional testimony by the architect of a proposed merger of the nation's two satellite radio companies that subscribers would both pay the same monthly rate and receive significantly more programming, The New York Times reported.
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The former finance chief of WorldCom testified yesterday that the company called off 2001 merger talks with Verizon after he and chief executive Bernard Ebbers worried Verizon would discover WorldCom had cooked its books.
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The head of the Federal  Communications Commission expressed concern on Tuesday that the  credit crunch could hinder bidders in an upcoming government  auction of wireless airwaves.
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Sirius Satellite Radio's deal with  controversial radio host Howard Stern should help convince more  automakers to offer its subscription radios as an option in  their vehicles, analysts said on Thursday.
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Sirius Satellite Radio Inc.  on Wednesday tried to clear up confusion over the cost of its service after buying rival XM Satellite Radio Inc.  by telling lawmakers that it would be less than $25.90, the price of two services combined.
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By Newsday, Melville, N.Y.  Feb. 26--The only two satellite radio systems in America, Sirius and XM, want to merge. A decade-old federal rule bars it. But neither has shown a profit, so Washington should let them combine.
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Shares of Sirius Satellite Radio Inc.  look pricey despite the company's new five-year, &#36;500 million pact with shock jock Howard Stern to air his program starting in 2006, according to the latest edition of Barron's, the weekly financial newspaper.
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The chairman of the U.S. Senate's  antitrust subcommittee on Wednesday urged regulators to block  Sirius Satellite Radio Inc.'s proposed acquisition of XM  Satellite Radio Holdings Inc..
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The head of Sirius Satellite Radio  Inc. told U.S. lawmakers on Wednesday he was ready to make  concessions, such as capping prices, to win federal approval of  its proposed purchase of XM Satellite Radio Holdings Inc.
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Is there a future for satellite radio if the XM/Sirius merger gets rejected?
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Sirius Satellite Radio  plans  to buy larger U.S. rival XM  for $4.6 billion in stock  to bring entertainers such as Oprah Winfrey and shock-jock  Howard Stern under one roof, but a top regulator said the deal  would face a tough time winning approval.
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If the merger between XM Satellite Radio and Sirius Satellite Radio is approved, the combined company would offer new pricing plans to allow consumers to pay only for the stations they want, Sirius chief executive Mel Karmazin said yesterday.
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But only if they're allowed to merge XM and Sirius are dangling a new carrot in front of the Federal Communications Commission in order to get the green light to merge. The satellite radio companies say they will offer a la carte packages of their lineups if the antitrust regulators look the other way.â¦
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What do you think, folks at home? The Federal Communications Commission is seeking public comment on whether it should uphold a 1997 decision that bars satellite radio rivals Sirius and XM from merging.â¦
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Broadcasters nationwide need not worry about local advertising revenue disappearing if the proposed takeover of XM Satellite Radio Holdings Inc. by Sirius Satellite Radio Inc. goes through, the FCC's chairman said Thursday.
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US satellite radio firm Sirius plans to acquire rival XM for $4.6bn, but the move could come under tough scrutiny.
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Sirius Satellite Radio plans to buy larger U.S. rival XM for $4.6 billion in stock to bring entertainers such as Oprah Winfrey and shock-jock Howard Stern under one roof, but a top regulator said the deal would face a tough time winning approval.