Sirius & XM announce merger - Jemsite
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post #1 of 7 (permalink) Old 02-20-2007, 07:35 AM Thread Starter
 
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Sirius & XM announce merger

This is the email I got from Sirius, at 1:25AM this morning.

Quote:
Originally Posted by Sirius
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
CNN Story

I've been a Sirius subscriber for many years... although I fear having to deal with commercials and accidentally turning to Opie & Anthony, this could be good news. I love Sirius for Howard Stern, but many of my favorite music stations have been having a quality drop-off lately (content wise) and I've thought about switching. The only thing that has kept me has been Stern and the NFL broadcasts.
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post #2 of 7 (permalink) Old 02-20-2007, 10:02 AM
 
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Re: Sirius & XM announce merger

Was long known.
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post #3 of 7 (permalink) Old 02-20-2007, 10:13 AM
 
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Re: Sirius & XM announce merger

i can't figure out what it's going to mean for me, as a Sirius stockholder. anybody know?
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post #4 of 7 (permalink) Old 02-20-2007, 11:12 AM
 
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Re: Sirius & XM announce merger

Man should of got some stock
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post #5 of 7 (permalink) Old 02-20-2007, 06:21 PM Thread Starter
 
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Re: Sirius & XM announce merger

Quote:
Originally Posted by kennydoe View Post
i can't figure out what it's going to mean for me, as a Sirius stockholder. anybody know?
If you're a Sirius stockholder, nothing happens... except your stock will hopefully go up.

XM stockholders get 4.6 shares of Sirius stock for every share of XM stock they own.

Sirius bought XM, hence no real change for Sirius stockholders.
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post #6 of 7 (permalink) Old 02-20-2007, 07:41 PM
 
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Re: Sirius & XM announce merger

I've really been disappointed with XM on the music side of things (had it for five months), so hopefully this will help some of it. I find myself listening to FM radio more...
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post #7 of 7 (permalink) Old 02-20-2007, 09:13 PM
 
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Re: Sirius & XM announce merger

Quote:
Originally Posted by kennydoe View Post
i can't figure out what it's going to mean for me, as a Sirius stockholder. anybody know?
Check out www.TheStreet.com. Jim Cramer's website and TV show is good IMO for research on stocks. Also, I found a link on TheStreet.com SIRI webpage (http://tools.thestreet.com/tsc/quote...hbox&symb=siri) that gives some advice. Overall, it's a good deal to prevent both from going out of business...for now.

This is a video link that discusses an answer to your question. Allow the short commercial to pass.
http://publish.vx.roo.com/thestreet/...=1172023547525

Hope that helps Kenny. This will be interesting to see how the merger turns out and the overall business. Feel bad for all the people that will get laidoff from the merger.
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