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Satellite Radio (XM, Sirius, and Stations) MERGED

Thump;706855; said:

This seems to be par for the course for XM. Sirius has done much better since the addition of Howard Stern with gaining subscribers. I personally got my Sirius last Christmas for Howard and got one for my brother this Christmas, and a lot of places were sold out of a lot of the sirius equipment. I have not seen anything yet from Sirius showing how they matched up with their projections for 2006, but they did substatially better than XM. Now with NASCAR coming to Sirius starting this season, you can bet XM will take a loss from that and Sirius will pick up those subscriptions as well. I know my wife's uncle and dad are both dumping their XM's for this very reason.
 
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http://www.foxnews.com/story/0,2933,252775,00.html

XM, Sirius Agree to Blockbuster Satellite Radio Merger

Monday, February 19, 2007
By Peter Lauria
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XM Satellite Radio Holdings Inc. (XMSR) and Sirius Satellite Radio Inc. (SIRI) have agreed to merge, the two companies said Monday. Continued...
 
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buckeyefool;756301; said:
I dont see why is doesnt get approved. neitehr company is stopping anyone else from buying a sateliite and launching it into space.
antitrust legislation. even karmazin earlier stated that the antitrust issue would be difficult to get past. the market is already too concentrated. i don't expect that the shareholders will veto the merger, but there's another issue.
 
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buckeyefool;756301; said:
I dont see why is doesnt get approved. neitehr company is stopping anyone else from buying a sateliite and launching it into space.

A monopoly in the satellite radio market doesn't mean much. If you don't want to pay what they want listen to regular radio. It works fine for me. Hell AT&T's phone monopoly wouldn't even matter now. I have 2 phones and neither run over normal phone lines.
 
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iambrutus;756279; said:
i dont see that ever getting approved

I think it'll be a fight, but it should get approved eventually. A merger doesn't limit listening options for customers. There's still free (crappy) radio, digital radio, and internet radio to choose from. There's some programming available on free radio that's also on Sirius and XM such as ESPN sports radio, Fox News, and some local stations like WLW in Cincy, so it's not like Sirius and XM have exclusive rights to all of their content. My biggest worry would be that it would get approved, but the Feds would somehow find a way to regulate programming.
 
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