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May 13, 2008 1:00:39 AM CDT

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XM, Sirius Say Post-Merger Prices Will Fall  

Posted Jul 23, 07 3:55 PM CDT in US,  Business,  Technology    Editor's Choice

(newser) – In an attempt to lower resistance to their proposed merger, satellite radio providers Sirius and XM unveiled new pricing plans today that they say will cut subscription prices by 46%. The plans, which start at $6.99 as opposed to the current $12.95 per month standard price, also allow listeners to select channels to add a la carte.

Sirius and XM proposed the new plans in hopes of allaying concerns that their merger will lead to price hikes, Dow Jones reports. Traditional radio companies oppose the merger, which still must gain approval from the FCC and the Justice Department's antitrust division. The companies aim to complete their deal later this year.

Source CNN

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XM, Sirius Say Post-Merger Prices Will Fall
(FILES) A Sirius representative (R) explains Sirius video services.   (Getty Images)
XM, Sirius Say Post-Merger Prices Will Fall
Gary Parsons (left) & Mel Karmazin, CEO's of XM and SIRIUS Satellite Radio, respectively. If their proposed merger goes through, the company plans to substantially lower prices and customizable packages....   (Getty Images)
XM, Sirius Say Post-Merger Prices Will Fall
Mike Rowan displays a Delphi XM radio receiver at Sound Advice in Orlando, Florida, in June 2004. Satellite radio continues to grow in popularity.   (KRT Photos)
XM, Sirius Say Post-Merger Prices Will Fall
XM Satellite Radio News Studio. Under one of the new payment plans announced, customers can choose 50 channels on either XM or Sirius' systems for $6.99.   (KRT Photos)
XM, Sirius Say Post-Merger Prices Will Fall
A Delphi XM radio receiver. The proposed "a la carte" programming plans would become available within a year of the merger, currently in progress.   (KRT Photos)
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Television spot for XM radio.   (candlebougie (YouTube))

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mergers and acquisitions  • radio  • Sirius  • satellite radio  • XM Satellite Radio  • radio stations


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