Sirius, XM expect deal to close by end 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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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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Sirius Satellite Radio  plans  to buy larger U.S. rival XM  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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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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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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Satellite radio company still expects to end the year having added more than 2 million subscribers.
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The much-anticipated merger between Sirius and XM gets the green light. Plus: <a href="http://blog.wired.com/gadgets/2007/02/
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NEW YORK/WASHINGTON  - U.S. satellite radio  companies Sirius  and XM  promised on Monday a  variety of subscription packages that cost up to 46 percent  less than current plans if their merger is approved.
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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 get hit with a downgrade.
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Sirius Satellite Radio  ended  2007 with more than 8.3 million subscribers, a 38 percent rise  that met its target for the year.
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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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XM Satellite Radio Holdings Inc. , which has agreed to be acquired by rival Sirius Satellite Radio Inc. , posted a narrower quarterly loss as it trimmed costs, but gave a lukewarm 2007 outlook that tempered its stock rise.
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Shares of Sirius Satellite Radio Inc.  look pricey despite the company's new five-year, &#36;500 million pact with shock jock Howard Stern to air his program starting in 2006, according to the latest edition of Barron's, the weekly financial newspaper.
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NEW YORK -- Sirius Satellite Radio Inc., which has agreed to acquire its rival XM Satellite Radio Holdings Inc., reported a narrower loss for the fourth quarter Tuesday as revenues more than doubled.
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U.S. satellite radio providers Sirius   and XM  said on Monday they can offer  consumers a variety of subscription packages that cost up to 46  percent less than current plans if their merger is approved.
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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.