XM and Sirius to merge...

[Reverend_Smitty]

http://money.cnn.com/2007/02/19/news/companies/xm_sirius/index.htm?eref=yahoo

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.

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.

I wonder how this will end up working out...will subscribers to either service have to buy new radios in order to get this merged service? Also I'm sure this will mean decreased quality and higher prices because that seems to always happen when mergers occur especially when there is no more competition left.

[bertha katzenengel]

1. CRAP!

I want no part of Sirius. :(

[supernova]

2. That was inevitable

There really needed to be 3 companies, not two to prevent this. Sorry for all the folks who bought XM kits.

I wonder want DirecTV will do now, since they have XM sat radio on their programming packages. :shrug: (I have DirecTV and wonder if they will be switching out the channels I have now, most of which I like.)

[woofless]

3. I guess that is what I have been waiting for.

I want Sirius, but I want baseball. Maybe now I can have both. Actually the new mix should have both MLB and NFL. cool.

Woof