Sirius, XM see deal closing in 2007
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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.
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Executives of satellite radio rivals  Sirius Satellite Radio Inc. SIRI.O and XM Satellite Radio  Holdings Inc. XMSR.O have been meeting lately to discuss the  possibility of a merger, the New York Post reported on  Wednesday, citing several sources close to the matter.
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Executives of satellite radio rivals Sirius Satellite Radio Inc.  and XM Satellite Radio Holdings Inc.  have been meeting lately to discuss the possibility of a merger, the New York Post reported on Wednesday, citing several sources close to the matter.
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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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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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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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Hoping to win approval for their merger, Sirius Satellite Radio and XM Satellite Radio announced plans to let consumers choose the programs in their subscription package.
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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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(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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XM Satellite Radio Holdings Inc. is raising the ante in its programming battle with rival Sirius Satellite Radio Inc., signing an 11-year programming deal with Major League Baseball that could be worth even
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Executives of satellite radio rivals  Sirius Satellite Radio Inc. and XM Satellite Radio Holdings  Inc. have been meeting lately to discuss the possibility of a  merger, the New York Post reported on Wednesday, citing several  sources close to the matter.
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By Jonathan Sidener, The San Diego Union-Tribune  Feb. 21--The proposed merger of the XM and Sirius satellite radio  networks creates confusion for consumers in the short term. That much is  clear.
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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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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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Sirius Satellite Radio plans to buy U.S. rival XM Satellite Radio 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. government antitrust lawyers  have spent nearly 10 months so far investigating Sirius  Satellite Radio Inc's  plan to acquire rival XM  Satellite Radio Holdings Inc , despite company hopes  that the deal would be approved by the end of 2007.
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The two big players in the emerging satellite radio business both announced gains in subscribers Monday as 2004 drew to a close.