XM and Sirius Radio Propose Pricing
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Hoping to win approval for their merger, the satellite radio companies announced plans to let consumers choose the programs in their subscription package.
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The top executives at the nation's two satellite radio companies detailed pricing plans Monday that they said would let customers choose which channels they want to receive if the two firms are combined.
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By SETH SUTEL NEW YORK - XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc., rivals in the fledgling satellite radio industry, have agreed to combine in a deal that investors hope will result in lower costs, assuming it overcomes significant regulatory hurdles.
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By Seth Sutel  NEW YORK - XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc., rivals in the fledgling satellite radio industry, have agreed to combine in a deal that investors hope will result in significantly reduced costs.
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By ASSOCIATED PRESS  Among the chief selling points for consumers if the nation's only two satellite radio companies are permitted to merge has been that the combined company would offer a much larger selection of programming without increasing prices.
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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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U.S. satellite radio  companies Sirius and XM promised on Monday a variety of  subscription packages that cost up to 46 percent less than  current plans if their merger is approved.
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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 satellite radio companiesâ pricing plans would allow customers to choose which channels they want if the two firms are permitted to merge.
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Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. pledged on Tuesday to work with regulators to close their proposed $4.9 billion merger by year's end, seeking to calm concerns that U.S. antitrust authorities would block the deal.
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Analyst suggests merger of XM and Sirius will happen, benefiting shareholders.
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Sirius and XM issued statements that their existing radios would work with the new service they would create by merging, but will the number of channels available increase? In Listening Post.
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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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WASHINGTON -- Executives at the nation's two satellite radio companies released details of pricing plans Monday that would allow customers to choose which channels they want to receive if the two firms are permitted to merge.
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XM Radio, after scrapping their XM PC Receiver because of piracy concerns, is launching their an online service next month. Theyâre gonna charge $7.
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Sirius and XM committed to offer a la carte programming options, hoping to curry favor with regulators as its proposed $13 billion merger comes under increasing scrutiny.
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Sirius Satellite Radio Inc.   and XM Satellite Radio Holdings Inc.  expect their  merger to close by the end of 2007, according to presentation  slides for an analysts' conference call on Tuesday.