U.S. moving "quickly as possible" on Sirius: XM
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The Justice Department is moving "as quickly as possible" in its antitrust review of Sirius Satellite Radio Inc's  acquisition of XM Satellite Radio Inc , a senior department official said on Tuesday.
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Rumors of a marriage between satellite radio companies XM and Sirius again are at the forefront thanks to an article in the New York Post that claims the two sides are close to announcing a merger.
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XM Satellite Radio Holdings Inc.   XMSR.O said on Wednesday it added some 285,000 new net   subscribers in the third quarter, fewer than that of rival   Sirius Satellite Radio SIRI.O, and both said they remain on   pace to meet full-year targets.
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NEW YORK - Howard Stern has long had two words for the Federal Communications Commission - and in 15 months, he can finally utter them on the air. The self-proclaimed "King of All Media," perhaps the most influential radio voice of the last 20 years, is shifting his salacious act to satellite radio and freeing himself from the increasingly harsh glare of federal regulators...
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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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â¢ 2004-12-02 â¢ Accessing satellite radio on mobile phones would be possibile in the next five years. Hugh Panero, chief executive officer, XM Satellite Radio Holdings, has confirmed that his company is
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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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It&#39;s like nails on a chalkboard. It&#39;s like housing a headache before jumping on a jackhammer. Wondering if lowly Sirius Satellite Radio (Nasdaq: SIRI) is about to change the world hurts.
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Sirius Satellite Radio said it has achieved its goal of signing up 1 million subscribers by the end of 2004, while rival XM Satellite Radio Holdings announced that its customer numbers recently topped 3.1 million.
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XM and Sirius get hit with a downgrade.
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NEW YORK (Billboard) - One week after Howard Stern's  headline-grabbing Sirius Satellite Radio announcement,  terrestrial broadcasters were looking for the upside to the  shock jock's latest bombshell.
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Sirius on Tuesday launched its first wearable live radio, nearly two years behind competitor XM. The device, to be available by the end of the month, includes Wi-Fi connectivity, recording functionality and Yahoo music purchasing software.
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In an announcement, Sirius Satellite Radio said it has met its 2006 subscriber forecast.
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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 Newsday, Melville, N.Y.  Feb. 26--The only two satellite radio systems in America, Sirius and XM, want to merge. A decade-old federal rule bars it. But neither has shown a profit, so Washington should let them combine.
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Concerns fade over congressional interference in XM-Sirius deal.
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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.