Czarina Posted February 19, 2007 Share Posted February 19, 2007 Satellite radio's XM, Sirius to mergeFebruary 19, 2007 NEW YORK --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. The two companies said in a statement that Mel Karmazin, the CEO of Sirius, would become chief executive of the new company while Gary Parsons, the chairman of XM, would remain in that role. © Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Quote Link to comment Share on other sites More sharing options...
justin Posted February 19, 2007 Share Posted February 19, 2007 I would think that Sirius has the better content, but that is basically biased because of the NFL rights. This is probably a good move from a product standpoint, however I'd hate to see rates get jacked up. Quote Link to comment Share on other sites More sharing options...
H8tank Posted February 19, 2007 Share Posted February 19, 2007 Wait, when I suggested this before lulu said I was lying? Quote Link to comment Share on other sites More sharing options...
T_bone65 Posted February 19, 2007 Share Posted February 19, 2007 I would think that Sirius has the better content, but that is basically biased because of the NFL rights and Howard Stern. This is probably a good move from a product standpoint, however I'd hate to see rates get jacked up. Fixed Quote Link to comment Share on other sites More sharing options...
whitem0nkey Posted February 19, 2007 Share Posted February 19, 2007 I hope this has no effect on my life time membership. Quote Link to comment Share on other sites More sharing options...
juanruiz13 Posted February 19, 2007 Share Posted February 19, 2007 I hope this has no effect on my life time membership. That's the first thing I thought about... XM offers a 5 year for $600 (which is more than we pay at Sirius for lifetime) As a football, baseball, and Howard fan... I am very happy but hope we don't get screwed Quote Link to comment Share on other sites More sharing options...
justin Posted February 19, 2007 Share Posted February 19, 2007 .....because of the NFL rights and Howard Stern. Eh, I don't really enjoy Stern. He whines too much and I stopped listening a while back. Quote Link to comment Share on other sites More sharing options...
T_bone65 Posted February 19, 2007 Share Posted February 19, 2007 Eh, I don't really enjoy Stern. He whines too much and I stopped listening a while back. Not syaing everyone enjoys him, just saying he is a big draw to sirius Quote Link to comment Share on other sites More sharing options...
Mojo20 Posted February 19, 2007 Share Posted February 19, 2007 I have a lot of Sirius stock. I'm not sure if that is a good or bad thing if they merge. Quote Link to comment Share on other sites More sharing options...
Bill Swerski Posted February 19, 2007 Share Posted February 19, 2007 I'll tell you who ISN'T going to win out: The customers Quote Link to comment Share on other sites More sharing options...
Randall Posted February 19, 2007 Share Posted February 19, 2007 (edited) Wait, when I suggested this before lulu said I was lying? That was never my name and what I said was it wouldn't be allowed because it would be a monopoly. EDIT-The name was Lula after one of Bush's relatives. Lula Flickinger Quit lying. If this does go through it will be heavily regulated. "Regulatory approval, in particular, is far from certain. Last month, the commission’s chairman, Kevin Martin, suggested that a merger between XM and Sirius, the only two sizeable satellite radio services in the United States, would run afoul of the law." Edited February 19, 2007 by Randall Quote Link to comment Share on other sites More sharing options...
Pope Flick Posted February 19, 2007 Share Posted February 19, 2007 That was never my name ......Quit lying. If this does go through it will be heavily regulated. Big John? Quote Link to comment Share on other sites More sharing options...
Big John Posted February 20, 2007 Share Posted February 20, 2007 Big John? Randall's prior account was indeed Lula. Quote Link to comment Share on other sites More sharing options...
whomper Posted February 20, 2007 Share Posted February 20, 2007 I have a lot of Sirius stock. I'm not sure if that is a good or bad thing if they merge. Me too..I would like to know the answer to this as well Quote Link to comment Share on other sites More sharing options...
Chavez Posted February 20, 2007 Share Posted February 20, 2007 I have a lot of Sirius stock. I'm not sure if that is a good or bad thing if they merge. Being a monopoly is almost always good for profits. Quote Link to comment Share on other sites More sharing options...
Egret Posted February 20, 2007 Share Posted February 20, 2007 Don't take away my NFL radio, grunge radio, and alt stations. As long as my programming doesn't drastically change, everyone will be alright. Quote Link to comment Share on other sites More sharing options...
whitem0nkey Posted February 20, 2007 Share Posted February 20, 2007 It looks like the XM subscriber will benefit da most. Quote Link to comment Share on other sites More sharing options...
Seattle LawDawg Posted February 20, 2007 Share Posted February 20, 2007 (edited) As an XM guy, i can't wait to get the NFL games from my car. As a sirius guy, I've never really felt I needed any more stations from my boat. It'll be interesting. nevertheless, I don't see this going through anytime soon. The govt is going to take its sweet time investigating this one. Edited February 20, 2007 by Seattle LawDawg Quote Link to comment Share on other sites More sharing options...
justin Posted February 20, 2007 Share Posted February 20, 2007 (edited) I received the following email from mel: February 19, 2007 To: SIRIUS Subscribers Today is a very exciting day for SIRIUS customers. As you may have heard, SIRIUS Satellite Radio and XM Satellite Radio are merging to form the nation's premier audio entertainment provider. This combination of our two offerings will benefit you - our loyal listeners. As a single company, we'll provide superior programming to you every day with the best of both SIRIUS and XM. Currently, XM and SIRIUS broadcast a wide range of commercial-free music channels, exclusive sports coverage, news, talk, and entertainment programming. Howard Stern. Oprah and Friends. The NFL. MLB. NBA. ESPN. CNBC. Fox News. Additionally, the combined company will be able to improve existing services such as real-time traffic information and rear-seat video as well as introduce new ones. After shareholder and regulatory approvals, we anticipate that the combination will be finalized by the end of 2007. Until then, both companies will continue to operate independently. We will continue to provide you with the uninterrupted service - as well as the outstanding customer support - that you have come to expect and enjoy from SIRIUS. We do not anticipate any changes in your service during the merger process, however, please call our customer care team on 1- 888-539-7474 should you have any questions. We look forward to the many benefits this combination will offer and continuing to make your listening experience an enjoyable one - offering more of the Very Best Radio on Radio. Stay tuned, Mel Karmazin, CEO Edited February 20, 2007 by justin Quote Link to comment Share on other sites More sharing options...
Randall Posted February 20, 2007 Share Posted February 20, 2007 I received the following email from mel: The end of 2007. This could work out for everyone if approved. It was originally said it wouldn't ba allowed because of anti-trust reasons because only 2 companies were allowed to do satellite radio for several years, but maybe they will allow competition so they can merge. Story from last month that such a deal wouldn't be allowed. Perhaps they will counter by opening up cpompetition. As an XM listener(I have had both) I would like the NFL to be added. This from XM-the channel lineup will remain the same? This merger should be completed in late 2007 or early in 2008. Throughout the year, we will provide updates on how the merger is progressing and information will be available at our website, www.xmradio.com. Between today and the merger date, as well as during the period immediately after the merger date, all of your services will remain the same. The channel lineup, the customer service number, the great music technology, and the XM Radio web site will all remain unchanged and there will be no disruption to service. But, if you have questions, information will be available and maintained on our website, and you can contact our Listener Care team at 800-XMRADIO, with questions and concerns. XM Radio continues to be committed to providing you the highest quality audio entertainment and customer service available today. After the merger, our new company will be able to offer you the most exciting listening experience in radio. Sincerely, Hugh Panero CEO, XM Satellite Radio Quote Link to comment Share on other sites More sharing options...
H8tank Posted February 20, 2007 Share Posted February 20, 2007 That was never my name Don't lie lulu, or your grandma will take away your oatmeal and seinfeld priviledges. Quote Link to comment Share on other sites More sharing options...
Randall Posted March 24, 2008 Share Posted March 24, 2008 Randall's prior account was indeed Lula. Lula and lulu are not the same. Saying they are the same is like saying inane and insane have the same meaning. Quote Link to comment Share on other sites More sharing options...
MikesVikes Posted March 24, 2008 Share Posted March 24, 2008 Below is some text from the link explaining the Justice Department's thoughts. The Justice Department, in a statement explaining its decision, said the combination of the companies won’t hurt competition because the companies are not competing today. Customers must buy equipment that is exclusive to either XM or Sirius, and subscribers rarely switch providers. “People just don’t do that,” said Assistant Attorney General Thomas Barnett, in a conference call with reporters. The government also appeared to endorse the argument of the companies that they compete with other forms of audio entertainment, including “high-definition” radio, Internet-based radio stations and even devices like Apple Inc.’s iPod. “The likely evolution of technology in the future, including the expected introduction in the next several years of mobile broadband Internet devices, made it even more unlikely that the transaction would harm consumers in the longer term,” the Justice Department said. Quote Link to comment Share on other sites More sharing options...
moneymakers Posted March 24, 2008 Share Posted March 24, 2008 (edited) You are REALLY Lulu and the name stays. admit it you called H8 a liar and you need to apologize. Edited March 24, 2008 by moneymakers Quote Link to comment Share on other sites More sharing options...
Pope Flick Posted March 24, 2008 Share Posted March 24, 2008 Lula and lulu are not the same. Saying they are the same is like saying inane and insane have the same meaning. You dug this up to say that? On a board where chit has the same meaning as manure? Quote Link to comment Share on other sites More sharing options...
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