Shareholders approve XM Sirius Merger

In economics/money, Satelite Radio, Technology on November 14, 2007 by Editor Z

Shareholders approved a measure that would allow Sirius Satellite Radio to buy its lone competitor in the world of Satellite radio, XM Satellite radio. The two have sought to merge together and offer even more content in the form of sports, news, talk, entertainment, music, and more.

But the biggest challenge, approval from the Federal Communications Commission has yet to occur. The new deal if approved wouldn’t automatically allow already paying clients to receive an expanded number of channels. Rather they would have to pay a small additional fee for more channels then the ones they already are receiving if they are currently Sirius or XM subscribers.

MY TAKE: I am torn on this. As a subscriber to Sirius satellite radio I would love the chance to get access to more channels. But that would leave the Sirius XM company as the only Satellite radio provider.


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