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XM and Sirius to merge in the Miscellaneous forum at Todd and Tyler Unauthorized Forums - Somehow, Bud8Fan will try to make this all about NASCAR. This is bad bad bad news in my opinion. It ...

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Old 02-19-2007   #1
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XM and Sirius to merge

Somehow, Bud8Fan will try to make this all about NASCAR.

This is bad bad bad news in my opinion. It would appear XM has the members, and Sirius has the content

Quote:
NEW YORK (CNNMoney.com) -- 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.

XM (Charts) and Sirius (Charts) said they would each own half of the combined company, which would have a market value of roughly $13 billion, including approximately $1.6 billion in net debt.

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. XM chief executive Hugh Panero will remain as CEO until the merger is completed.
XM, Sirius to merge - Feb. 19, 2007
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Old 02-19-2007   #2
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Re: XM and Sirius to merge

This is interesting news, indeed...
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Old 02-19-2007   #3
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Re: XM and Sirius to merge

You stole my story !

The ONLY reason I chose XM over Sirius was for the NASCAR coverage. Then NASCAR went to Sirius this year. This is very good news to me !!!
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