Mel Says Sirius Doing Well on its own
June 26, 2006
Satellite Standard Group keeps you informed.
Sirius CEO Says Company Doing Well On Its Own
SIRI9:50 AM EDT June 26, 2006
By Ellen Sheng Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)
Sirius Satellite Radio Inc. (SIRI) would be interested in buying XM Satellite Radio Holdings Inc. (XMSR) at the right price, though regulatory issues "would be a question mark," Chief Executive Mel Karmazin said Monday. He said he'd be less interested in being acquired, though he also would consider it if it were in the shareholders' best interest. Asked if he would consider a merger with a satellite-television provider, Karmazin said it would make more sense for DirecTV Group Inc. (DTV) and Echostar Communications Corp. (DISH) to merge with each other than with Sirius. Karmazin emphasized that regardless of the possible benefits and cost savings from a merger, Sirius is doing well on its own. "Our business plan doesn't involve our doing a deal," he said at an industry conference here.
-By Ellen Sheng, Dow Jones Newswires; 201-938-5863; ellen.sheng@dowjones.com (END) Dow Jones Newswires06-26-06 0950ETCopyright (c) 2006 Dow Jones & Company, Inc.
6/26/2006 10:07:00 AM
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