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View Full Version : XM, Sirius announce merge


Steve
02-19-2007, 02:38 PM
We were talking about this just a short time ago and it appears to have happened. What's your take on what will happen?

I have a feeling higher prices are on the way.

XM, Sirius announce merger (http://money.cnn.com/2007/02/19/news/companies/xm_sirius/index.htm?postversion=2007021915) - Rivals XM Satellite Radio Holdings Inc. and Sirius Satellite Radio announced Monday they would enter into a merger of equals, creating a satellite radio giant.

As part of the deal, XM Chairman Gary Parsons would remain chairman of the combined firm, while Sirius' Mel Karmazin would assume the role of CEO.

The deal would also provide listeners a substantially wider variety of programming. Sirius is currently home to shock jock Howard Stern, while XM boasts a number of programs hosted by such high-profile entertainers as Bob Dylan.