XM Satellite Radio

10 Stories

Under Pressure, Sirius XM Tries to Look Ahead

Merged company works to develop subscribers, refinance debt

(Newser) - Satellite radio’s fortunes—thought to be peaking after Sirius and XM merged in July—are falling as the united company’s stock continues to tumble and management scrambles to refinance debt, reports the Wall Street Journal. Still, CEO Mel Karmazin says, the company is “heading toward making a... More »

FCC Approves Satellite Radio Merger

3-2 vote OKs $3.3B Sirius buyout of XM, ends 16-month drama

(Newser) - Federal regulators formally approved the merger of the United States' only two satellite radio operators today, ending a 16-month-long drama closely watched by Washington and Wall Street. Sirius Satellite Radio Inc.'s $3.3 billion buyout of rival XM Satellite Radio Holdings Inc. will mean 18 million-plus subscribers will be... More »

FCC Staff Blesses Satellite Radio Merger

Sirius-XM deal could go to commission within 3 weeks

(Newser) - After languishing nearly a year and a half in regulatory limbo, the merger between XM Satellite Radio and Sirius Satellite Radio may finally get the green light to proceed. The FCC staff has signed off on the $5 billion deal, reports the Wall Street Journal, with some conditions devised by... More »

XM and Sirius Delay Meetings as FCC Weighs Merger

State officials oppose satellite giants' plans despite Justice approval

(Newser) - XM and Sirius both postponed annual shareholder meetings as they awaited final FCC approval of their planned merger, the Washington Post reports. The nation’s only satellite-radio operators are expected to win approval, but their plans have faced new criticism from lawmakers and state attorneys, and there may yet be... More »

Satellite Merger Clears Hurdle

Justice Dept. doesn't see threat to competition; FCC must still weigh in

(Newser) - The Justice Department today approved the proposed merger between satellite radio firms Sirius and XM, the Wall Street Journal reports. The FCC must still sign off, but the pair appears to have allayed antitrust concerns about the merger of the industry's two largest companies by arguing that they face competition... More »

Sirius, XM Stocks Rise as Merger Looms

Analyst predicts Justice Department won't block Sirius from buying XM

(Newser) - XM Satellite Radio and Sirius stock prices got a boost Friday when an analyst predicted the Justice Department won't block Sirius from buying out the larger XM. Morning trade saw XM shares jump 9.4% and Sirius shares 4.6%, reports CNN. The analyst said that shares could hit $20... More »

Sirius, XM Union May Have Listeners Singing the Blues

Deal would lower options, raise prices, Post writer says

(Newser) - For anyone doubting that a merger between Sirius and XM would harm the satellite radio industry by forcing listeners to go through a single provider, the Washington Post’s Marc Fisher has two words: cable TV. Fisher argues that for all of the advantages any union may produce, ultimately it... More »

XM, Sirius Say Post-Merger Prices Will Fall

Satellite-radio giants bid to overcome resistance with new subscription plans

(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... More »

XM Fans Irate at Shock Jock Suspension

Opie & Anthony, kicked off airwaves, now in trouble on satellite

(Newser) - Fans of "The Opie & Anthony Show" cancelled their satellite radio subscriptions by the hundreds after XM slapped the shock-jock duo with a 30-day suspension earlier this week. Subscribers are accusing the station—which promises uncensored content—of pandering to the FCC so they won't block a pending merger... More »

Satellite Sisters

XM and Sirius may have unlikely rescuers from the Chicago School of Economics

(Newser) - Jim Surowiecki describes how the “Chicago School” of economists revolutionized anti-trust thinking in the 1970s. By arguing that it is not the number of competitors but rather their strength that mattered, these economists posited that some mergers stimulate competition. More »

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