Saturday Interview: The Future for XM, With or Without a Sirius Merger
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Nate Davis, president and interim chief executive of XM Satellite Radio, and Gary Parsons, the companyâs chairman, recently discussed the merger and the future of the company if the merger petition is not successful.
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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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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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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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US satellite radio firm Sirius plans to acquire rival XM for $4.6bn, but the move could come under tough scrutiny.
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XM Satellite Radio disclosed an 11-year, $650 million deal with Major League Baseball yesterday, the latest move in a costly race with rival Sirius Satellite Radio , which this month signed a five-year, $500 million deal with shock jock Howard Stern.
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XM Satellite Radio Holdings Inc. will soon begin broadcasting some of its stations to subscribers over the Internet, fresh on the heels of the company&#39;s discontinuation of a receiver for PCs that some users
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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 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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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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XM Satellite Radio Holdings Inc. XMSR.O chief executive officer Hugh Panero on Wednesday said he expected satellite radio and cellphone services to converge within the next five years.
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What do you think, folks at home? The Federal Communications Commission is seeking public comment on whether it should uphold a 1997 decision that bars satellite radio rivals Sirius and XM from merging.â¦
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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 and Sirius are winning support for their once-controversial merger.
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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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How XM and Sirius persuaded millions that paying to listen to a cool technology beats listening to a boring one for free.