Should Sirius and XM merge into one company? Would that be in the best interests of consumers?
What's your view?
Sirius-XM merger makes sense - The chief executive officer of Sirius Satellite Radio told investors Wednesday that he would be open to a combination with his company's top rival, XM Satellite Radio.
Mel Karmazin, speaking at Citigroup's annual entertainment, media and telecommunications conference in Las Vegas, said that a merger between Sirius (Charts) and XM (Charts) could be in the best interests of both companies.
"One way you can create shareholder value is through consolidation, particularly in a fragmented industry like radio," he said. "Conceptually a deal makes sense and you could add value from synergies."