XM Satellite in $650 Million Deal with Pro Baseball
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XM Satellite Radio on Wednesday said  it signed a $650 million deal to broadcast Major League  Baseball games for 11 years, countering a rival's moves to sign  up high-profile programing that will lure listeners to the new  medium.
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XM Satellite Radio Holdings Inc. (XMSR.O: Quote, Profile, Research) on Tuesday introduced a handheld portable version of its satellite radio, hoping to extend demand for its service
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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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Major League Baseball said on  Thursday it reached a deal with satellite television provider  DirecTV Group Inc. to air its out-of-market package of games,  known as "Extra Innings," for the next seven years.
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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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com. Major League Baseball has expanded its availability to fans everywhere in yet another important way, announcing on Wednesday an 11-year, $650 million agreement with XM Satellite Radio
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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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XM and Sirius are inching closer to being fruitful and multiplying.
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DirectTV acknowledged an agreement with Major League Baseball to become the sole television distributor of the sport's out-of-market package in a letter to the Federal Communications Commission, saying the deal will benefit consumers.
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XM Satellite Radio Holdings  introduced a handheld portable version of its satellite radio.
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XM and Sirius, the two satellite radio companies that have spent millions of dollars trying to woo pay-for-service customers, yesterday announced plans to merge in hopes of stemming losses and offering an even larger smorgasbord of music, talk and sports.
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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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The two main satellite radio  providers, XM Satellite Radio Holdings Inc. and Sirius are  expected to announce a long-awaited merger on Monday, according  to the New York Post.
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XM Satellite Radio and Warner Music  Group, the world's third largest music company, said on Friday  they had settled a lawsuit brought by the music company over  XM's portable satellite radio with advanced recording features.
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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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Game 7 between the Boston Red Sox and the New York Yankees isn&#39;t Wednesday&#39;s only ballpark news. Major League Baseball has agreed to a grand-slam broadcasting deal with XM Satellite Holdings.
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The Toronto Blue Jays baseball team will buy their home stadium, the SkyDome, from closely held Sportsco International for C$25 million ($21 million), team owner Rogers Communications Inc.