XM- Sirius Deal
03-24-2008, 03:22 PM
#1
Melting Slicks
Thread Starter
XM- Sirius Deal
Justice Dept Approves XM-Sirius Deal
Mar 24 03:08 PM US/Eastern
WASHINGTON (AP) - The Justice Department has approved Sirius Satellite Radio's $5 billion buyout of rival XM Satellite Radio.
The merger was approved despite opposition from consumer groups and an intense lobbying campaign by the land-based radio industry.
Regulators said the merger is not likely to substantially hurt competition or consumers
Mar 24 03:08 PM US/Eastern
WASHINGTON (AP) - The Justice Department has approved Sirius Satellite Radio's $5 billion buyout of rival XM Satellite Radio.
The merger was approved despite opposition from consumer groups and an intense lobbying campaign by the land-based radio industry.
Regulators said the merger is not likely to substantially hurt competition or consumers
03-24-2008, 03:31 PM
#2
Team Owner
03-24-2008, 03:34 PM
#3
Le Mans Master
Member Since: Apr 2006
Location: The Beautiful Inland Empire WA.
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I wonder if they are going to let you choose which channels from each that you want, and then charge you accordingly. There are channels on both that I really like........
03-24-2008, 03:37 PM
#4
Instructor
I trade stocks for a living and stare at a news wire. It's for real. XM stock is up 17% on the news, and Sirius is up 10%. Finally!
03-24-2008, 03:40 PM
#5
Instructor
First thing I did when my XM expired was to get the GM-1 converter. Wonder what this is all going to mean for programming?
Was wondering the same thing...guess time will tell!!!
03-24-2008, 05:01 PM
#10
Le Mans Master
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Still requires FCC approval and they turned it down last time it came to them:
http://www.msnbc.msn.com/id/23781933
http://www.msnbc.msn.com/id/23781933
03-25-2008, 12:14 AM
#11
Racer
Member Since: Apr 2007
Location: washougal wash.
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In a perfect world....The companies use different technologies and different satellites, and obviously do not have any extra bandwidth for more content. Xm has their bit rates squeezed so tight it's damn near unlistenable. There is also no interface between the companies where xm can easily "ship" content to sirius and vice-versa. Who knows what they're gonna do, they've got some technical challenges, and are swamped with debt. Maybe bear-sterns can float them some working capital.