Sirius CEO: 'We Suck Less' Than XM
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Sirius CEO Mel Karmazin told investors at the annual meeting of shareholders in New York Thursday that while he is very unhappy over the poor performance of the company's stock price, as a whole Sirius "sucks less" than XM.
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XM and Sirius are inching closer to being fruitful and multiplying.
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Why Sirius is getting static from the markets.
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Mel Karmazin, the former second-in-command at American media conglomerate Viacom, was last night named as chief executive of Sirius, a company in the still fledgling satellite radio business.
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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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Sirius Satellite Radio Inc. CEO Mel Karmazin sought to allay shareholder concerns at the company's annual meeting Thursday, saying he was just as disappointed as other investors in Sirius' lagging stock price. Compared to rival XM, however, he said: "We suck less."
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When companies start talking about a âmerger of equals,â someone is usually getting the better deal. It is especially true in the proposed merger of XM and Sirius.
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The FCC is being cut out of the loop (thank God) via Sirius, its management, Howard Stern and the legendary Mel Karmazin. XM Radio is playing a leading role now, but the real noise is being generated by Sirius.
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The proposed merger between Sirius  Satellite Radio Inc. and XM Satellite Radio Holdings Inc.  depends "a lot" on how the market is defined, U.S. Federal  Communications Commissioner Robert McDowell said on Thursday.
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The new CEO at Sirius is a perfect fit.
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In the radio industry, Sirius Satellite Radio chief executive Mel Karmazin is like Bono or Prince or Charo: One name is sufficient. Say "Mel," and everyone knows who you're talking about.
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By Seth Sutel THE 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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Sirius Satellite Radio Inc. reported a narrower third-quarter loss Tuesday and recorded a 50 percent increase in new subscribers ahead of its planned combination with larger rival XM Satellite Radio Holdings Inc.
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&quot;Thrilled&quot;: Not everyone feels that way on Monday. But not everyone is Sirius Satellite Radio (nasdaq: SIRI - news - people ) Chief Executive Joseph Clayton.
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Too @#$%ing fast? Shares of Sirius Satellite Radio (nasdaq: SIRI - news - people ) tumbled Wednesday after analysts waggled their fingers at the market&#39;s apparent over-optimism Tuesday.
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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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In his first public-speaking engagement since taking the reins 80 days ago, Sirius Satellite Radio chief executive Mel Karmazin said Wednesday that he believes having Howard Stern onboard will bring millions of subscribers as well as advertising revenue to the company.