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 Send to email | Sirius and XM Finally Moving Forward with Merger in NewsServicesFCCMergerSatellite Radiosiriusxm |  By Zach Epstein
el 26-Jul-2008 |
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It seems like a lifetime ago that Sirius and XM first announced the intentions to merge and form a single satellite radio powerhouse. Subscribers were generally overjoyed by the possibilities; twice the content, a la carte options, the promise that current subscription rates would not increase, etc. It sounded like everyone would be a winner. There was just one problem though… Terrestrial radio and its “relationship” with the FCC. We won’t go into this mockery of government yet again, but suffice it to say that there were some pretty big hurdles that had to be ovecome. Here we are almost 18 months later however, and the merger has finally been approved! Of course there are some conditions to the $3.3 billion deal, first and foremost is the fact that the companies will have to cough up $20 million in fines to the FCC right out of the gate. These fines are a result of FCC claims that several radio models and signal-boosting towers violate FCC regulations. Ok fine, moving on. The other notable stipulation is one that we can’t say we disapprove of:
The companies must cap prices for three years after joining and allow consumers to choose the channels they want and pay less for packages of channels.
Work on a la carte-friendly radios is already underway although it sounds like despite claims made by several on-air personalities, current radio models may not be capable of receiving both Sirius and XM streams. As much of a shame as that would be, we’ll have to wait for some formal announcements before it can be confirmed or denied. Whatever the case may be, last night’s announcement was a big step forward and only time will tell how it plays out.
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| Sirius and XM Finally Moving Forward with Merger | | It seems like a lifetime ago that Sirius and XM first announced the intentions to merge and form a single satellite radio powerhouse. Subscribers were generally overjoyed by the possibilities; twice the content, a la carte options, the promise that current subscription rates would not increase, etc. It sounded like everyone would be a winner. [...]
[..] Read complete article | | Published 26-Jul-2008 by Zach Epstein in NewsServicesFCCMergerSatellite Radiosiriusxm
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| DOJ Approves Sirius-XM Merger (SIRI, XMSR) | | It's about time: The U.S. Department of Justice has approved Sirius Satellite Radio's (SIRI) merger with rival XM Satellite Radio (XMSR). Next up, the FCC, which must approve the deal before it closes -- and could put some conditions on the merger. From the release:
After a careful and thorough review of the proposed transaction, the Division
concluded that th [..] Read complete article | | Published 24-Mar-2008 by Silicon in SIRIXMSRAAPL
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| FCC: We're Ready To Rule On XM-Sirius - Someday | | FCC boss Kevin Martin has told his staffers to prepare documents for XM Satellite Radio's (XMSR) merger with rival Sirius (SIRI), the WSJ reports ($):
During a press conference Thursday, Mr. Martin said he
had asked his staff to draft a document incorporating a variety of
possible outcomes for the merger proposal. He wouldn't go into
specifics ab [..] Read complete article | | Published 20-Mar-2008 by Silicon in SIRIXMSRAAPL
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