Satellite Merging – XM and Sirius looking at Merging

Satellite Merging, that is Satellite Radio stations. Sirius Satellite Radio and XM Satellite Radio said Monday that they would merge to create a $13 billion entity, a scenario that would end an expensive bidding war for talent that the two have been waging but also would invite extensive scrutiny from lawmakers and terrestrial radio broadcasters.

Laws prohibiting the two to combine have been in place since each were granted licenses about a decade ago, in effect creating a mandated duopoly because regulators had no intention of allowing other satellite radio operators to spring up in the U.S. Nevertheless, laws can be tweaked to grant permission for the two money-losing companies to merge, and that has competitors nervous.

(Source: CNN)

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s