Satellite Radio Companies Agree to Merge
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XM and Sirius announced a merger of equals that is sure to face scrutiny from federal regulators.
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Sirius Satellite Radio announced a five-year deal with Howard Stern this morning that will bring the King of All Media to satellite radio in 2006.
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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.
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By Charles Babington, Washington Post Staff Writer  The price of satellite radio service has become a sensitive topic in the debate over whether the nation's two space-based radio companies should be allowed to merge, and lawmakers zeroed in on it yesterday.
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By SETH SUTEL  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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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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(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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Is there a future for satellite radio if the XM/Sirius merger gets rejected?
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The much-anticipated merger between Sirius and XM gets the green light. Plus: <a href="http://blog.wired.com/gadgets/2007/02/
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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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By SETH SUTEL 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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Sirius Satellite Radio  and XM Satellite Radio  shares jumped on Tuesday after the companies announced a merger plan, although a top regulator said the deal would face a tough review.
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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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Satellite radio rivals XM and Sirius have every intention of merging, but not just yet.
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Capital Radio and GWR Group say they plan to merge in an all-share, nil-premium deal that will create the dominant company in the UK radio sector.
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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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Satellite radio companies Sirius and  XM invested billions in infrastructure and millions more in  marketing to differentiate themselves from one another. Now,  they&#39;re spending millions more in an attempt to merge.