XM and Sirius agree to merge
02-19-2007, 03:10 PM
#1
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XM and Sirius agree to merge
Interesting news announcement : http://www.msnbc.msn.com/id/17228226/
After month's of speculation, these 2 Sat providers have agreed to merge.
After month's of speculation, these 2 Sat providers have agreed to merge.
02-20-2007, 09:03 AM
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Interesting news announcement : http://www.msnbc.msn.com/id/17228226/
After month's of speculation, these 2 Sat providers have agreed to merge.
After month's of speculation, these 2 Sat providers have agreed to merge.
02-20-2007, 10:12 AM
#4
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All Sirius subcribers have now been sent an email re this announcement :
"February 19, 2007
To: SIRIUS Subscribers
Today is a very exciting day for SIRIUS customers. As you may have heard, SIRIUS Satellite Radio and XM Satellite Radio are merging to form the nation's premier audio entertainment provider.
This combination of our two offerings will benefit you - our loyal listeners. As a single company, we'll provide superior programming to you every day with the best of both SIRIUS and XM. Currently, XM and SIRIUS broadcast a wide range of commercial-free music channels, exclusive sports coverage, news, talk, and entertainment programming. Howard Stern. Oprah and Friends. The NFL. MLB. NBA. ESPN. CNBC. Fox News. Additionally, the combined company will be able to improve existing services such as real-time traffic information and rear-seat video as well as introduce new ones.
After shareholder and regulatory approvals, we anticipate that the combination will be finalized by the end of 2007. Until then, both companies will continue to operate independently. We will continue to provide you with the uninterrupted service - as well as the outstanding customer support - that you have come to expect and enjoy from SIRIUS. We do not anticipate any changes in your service during the merger process, however, please call our customer care team on 1- 888-539-7474 should you have any questions.
We look forward to the many benefits this combination will offer and continuing to make your listening experience an enjoyable one - offering more of the Very Best Radio on Radio.
Stay tuned,
Mel Karmazin, CEO"
02-20-2007, 11:23 AM
#5
MBWorld Fanatic!
XM email:
Dear XM Radio Subscriber:
We want to share with you some exciting news: Yesterday, in Washington DC, we announced XM Radio will be merging with Sirius Satellite Radio to form the premier digital audio service.
The merger will create a satellite radio company that will provide consumers across the country with more and better premium radio programming. The combined company will be able to compete better in what has become a very complex and dynamic entertainment market.
Where today our exclusive contracts mean you had to choose between baseball and football or Oprah and Martha Stewart, the new company will seek to ensure that in the future, you will be able to access both companies' programming. And, once we are fully integrated, those of you who have factory-installed satellite radio will no longer be limited to the programming provided by the exclusive satellite radio service chosen by their car manufacturer.
This merger should be completed in late 2007 or early in 2008. Throughout the year, we will provide updates on how the merger is progressing and information will be available at our website, www.xmradio.com.
Between today and the merger date, as well as during the period immediately after the merger date, all of your services will remain the same. The channel lineup, the customer service number, the great music technology, and the XM Radio web site will all remain unchanged and there will be no disruption to service. But, if you have questions, information will be available and maintained on our website, and you can contact our Listener Care team at 800-XMRADIO, with questions and concerns.
XM Radio continues to be committed to providing you the highest quality audio entertainment and customer service available today. After the merger, our new company will be able to offer you the most exciting listening experience in radio.
Sincerely,
Hugh Panero
CEO, XM Satellite Radio
Dear XM Radio Subscriber:
We want to share with you some exciting news: Yesterday, in Washington DC, we announced XM Radio will be merging with Sirius Satellite Radio to form the premier digital audio service.
The merger will create a satellite radio company that will provide consumers across the country with more and better premium radio programming. The combined company will be able to compete better in what has become a very complex and dynamic entertainment market.
Where today our exclusive contracts mean you had to choose between baseball and football or Oprah and Martha Stewart, the new company will seek to ensure that in the future, you will be able to access both companies' programming. And, once we are fully integrated, those of you who have factory-installed satellite radio will no longer be limited to the programming provided by the exclusive satellite radio service chosen by their car manufacturer.
This merger should be completed in late 2007 or early in 2008. Throughout the year, we will provide updates on how the merger is progressing and information will be available at our website, www.xmradio.com.
Between today and the merger date, as well as during the period immediately after the merger date, all of your services will remain the same. The channel lineup, the customer service number, the great music technology, and the XM Radio web site will all remain unchanged and there will be no disruption to service. But, if you have questions, information will be available and maintained on our website, and you can contact our Listener Care team at 800-XMRADIO, with questions and concerns.
XM Radio continues to be committed to providing you the highest quality audio entertainment and customer service available today. After the merger, our new company will be able to offer you the most exciting listening experience in radio.
Sincerely,
Hugh Panero
CEO, XM Satellite Radio
02-22-2007, 12:08 AM
#7
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I am a shareholder and and it appears that Sirius has bought XM. XM shareholders will be given 4 shares of Sirius for every one of XM they own.
I am glad, I have both and have to say, Sirius is a lot better then XM and am glad that Sirius is taking over and not the other way around.
I am glad, I have both and have to say, Sirius is a lot better then XM and am glad that Sirius is taking over and not the other way around.
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02-22-2007, 11:14 PM
#8
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I was listening to XM in a friends car. They were running a call-in contest. When the caller was told he had the correct answer he exclaimed "Are you Serious ?!? The DJ responded with "Not yet but soon." ...So I'd agree Sirius has bought XM. (XM sold one of its satellites a little while back & then leased space on it. I figure they needed a cash infusion for them to do that.)
