Monday, February 19, 2007

Satellite radio's XM, Sirius to merge - Yahoo! News

Satellite radio's XM, Sirius to merge - Yahoo! News: "XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc. have agreed to merge, the two companies said Monday.

The deal would consolidate the only two companies in the emerging business of subscription-only satellite radio, and is sure to face tough scrutiny from federal regulators. Investors and analysts have been speculating about a deal for months."

It's interesting, the FCC chair Kevin Martin not long ago said under current regulations, such a merger could not happen, but hinted that regs could change. We'll see. I have never subscribed to satellite radio, but I wonder if this will help it grow now... or stagnate?


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