Tuesday, March 25, 2008


Finally some news on this proposed merger. Seems yesterday they've cleared one more hurdle in this long drawn out transaction.

To tell you the truth, I don't know all the ramifications of this merger are, good or bad. All I know is that I'm paying for both and I only want to pay for one.

I've been a Sirius sub for quite a few years already, and now with the purchase of my new Civic, which comes with XM only, I've been paying for both. They don't sell a conversion kit for my Navigation unit in my Civic. Not yet anyway.

I like Sirius because it has EWTN Catholic radio, while XM doesn't.

.... you can keep Howard Stern.

Anyway here's the news:

Sirius Satellite Radio's $4.59 billion purchase of rival XM Satellite Radio was given antitrust clearance on Monday as the Justice Department concluded consumers have many alternatives, including mobile phones and personal audio players.

Investors sent shares of both companies sharply higher even though the Federal Communications Commission must still approve the combination of the only two U.S. providers of satellite radio, a deal first announced in February 2007.

In a victory for Sirius Chief Executive Mel Karmazin, who lobbied hard for the deal, the Justice Department agreed the satellite radio companies face stiff competition from traditional AM/FM radio, high-definition radio, MP3 players and programming delivered by mobile phones.


Sounds like a wave of new products too.

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