Entries tagged "Sirius Satellite Radio Inc."
The Federal Communications Commission's 400-plus day review of the controversial $13 billion hook-up of XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc. is coming to a close. ...
Shares of both Sirius Satellite Radio Inc. and XM Satellite Radio Inc. gained ground quickly Friday as rumors that the Federal Communications Commission was close to approving their $3.1 billion merger....
Watch as broadcasters try to neuter the XM-Sirius deal. The National Association of Satellite Radio Killers. That's what former National Association of Broadcasters chief Eddie Fritts joked should be the terrestrial radio and television lobbying group's name. Fritts was kidding, but only sort of. In fact, the label aptly describes the group's intense campaign to nix the $13 billion hookup between XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc. The radio industry believes the deal will be a major threat to its listenership and advertisement revenue. ...
The merger of Sirius Satellite Radio Inc. and XM Satellite Holdings Inc. is crawling down a long and winding road to surpass its one-year mark. As the long-delayed proposed merger has no resolution in sight, and the economy is expected to worsen, prospects for profit seem to dim for these companies as standalone entities. So Wall Street will certainly be eager to get a glimpse of Sirius' fourth-quarter earnings Tuesday. Analysts expect Sirius to post a loss of 13 cents per share while XM is expected to announce a loss of 64 cents a share on Thursday, according to a...
