Saturday, December 09, 2006

BusinessWeek Comments On XM, Sirius Merger

Technology December 8, 2006, 12:00AM EST, BusinessWeek
Obstacles to an XM, Sirius Merger

To go beyond talk of joining forces, the rival satellite radio services must get in tune with regulators, shareholders, and their own executives
When they first launched at the International Consumer Electronics Show in Las Vegas in 2001, the two major satellite service companies XM Satellite Radio and Sirius Satellite Radio were bitter rivals.
So bitter, in fact, that executives from both companies took every chance they could to smack each other down in public. In press conferences and statements, they'd decline to refer to each other by name. And though their spaces on the trade-show floor were near each other, the walls of each were positioned so that you couldn't see one when standing in the space of the other.
Half a decade later, officials from XM and Sirius are talking about each other a lot—and now it's in reference to a possible merger. Public statements by Sirius (SIRI) Chief Executive Mel Karmazin, its Chief Financial Officer David Frear, and XM (XMSR) Chairman Gary Parsons indicate the companies are circling each other, wondering if it would be worthwhile to bury the hatchet...read more: here
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12/09/2006 07:09:00 AM

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