XM-Sirius in New Pitch for Merger
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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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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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The FCC is looking for consultation on whether it should change the rule that currently forbids Sirius and XM from merging, a necessary move if it is to approve the proposed deal.
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The two main U.S. satellite radio providers, Sirius Satellite Radio and XM Satellite Radio on Monday said they would merge in a stock-for-stock deal, a move that has been long expected in the young industry.
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The following editorial appeared in the Chicago Tribune on Friday, Feb. 23:  Sirius and XM, the country's only providers of satellite radio, want to merge. Their reasons are obvious.
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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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By Richard Siklos  The chief executive of Sirius Satellite Radio, Mel Karmazin, is taking the campaign to sell his company's proposed merger with XM Satellite Radio to Washington. On Monday, Karmazin appeared on the often-bawdy Howard Stern show on Sirius.
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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 permitted to merge.
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Sirius Satellite Radio Inc.   and XM Satellite Radio Holdings Inc.  said on Monday  that if their proposed merger is approved, they will offer  subscriptions priced 46 percent below current levels, and would  let customers buy packages of their favorite channels.
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Here's what to expect if the Justice Department and the Federal Communications Commission allow Sirius and XM to merge, creating a monopoly in the satellite radio business:
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Satellite radio rivals XM and Sirius have every intention of merging, but not just yet.
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While questions surround the planned merger of the XM and Sirius satellite radio systems in the United States, the situation for their Canadian affiliates may be more uncertain.
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Former Viacom Inc. president Mel Karmazin held his first conference call with analysts as chief executive of Sirius Satellite Radio Inc. yesterday to discuss the company's rising revenue and its 2005 guidance. But the first question he got wasn't about Sirius's financial outlook. It was about a rumor that Sirius was in talks to merge with its rival, District-based XM Satellite Radio Holdings Inc.
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XM and Sirius announced a consolidation that is sure to face scrutiny from federal regulators.
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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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A congressional committee scheduled a hearing to examine whether the proposed $4.84 billion merger of Sirius Satellite Radio Inc. and rival XM Satellite Holdings Inc. would hurt consumers.
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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.