Reply #3: Sirius denies merger story

[LiviaOlivia]

The New York Times
January 26, 2005
Sirius Satellite Radio Widens Quarterly Loss
By THE ASSOCIATED PRESS

Filed at 7:29 p.m. ET

NEW YORK (AP) -- Sirius Satellite Radio Inc. Chief Executive Mel Karmazin has not met with top executives of rival XM Satellite Radio Holdings to discuss a merger between the two broadcasters, Karmazin said on a conference call Wednesday after Sirius reported a wider fourth-quarter loss.

"I have not met with the chairman or CEO, so I have no idea where any of this came from," Karmazin said in response to a New York Post story that claimed Sirius and XM have started early merger discussions.

Marquis Investment Research analyst Greg Gorbatenko said in a research note that he believes the merger is unlikely to happen because "we doubt it would pass regulatory muster."

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http://www.nytimes.com/aponline/business/AP-Earns-Sirius-Satellite-Radio.html