Here are a few answers to common questions I have been reading around the net concerning the merger between Sirius and XM. Though not 100% official these answers are taken straight from press releases and interviews Mel Karmazin has done post merger.
What are the new pricing plans? Will my Monthly Bill go up now?
If you [...]
Just a small update.
Pretty interesting talk, but still nothing that we already don’t know about.
Link here http://www.marksfriggin.com/news.htm#wed
I will throw some audio up later if I can find it.
Inside the details of the deal, with Mel Karmazin, Sirius Satellite Radio president/CEO
Here is a link to the video on CNBC
http://www.cnbc.com/id/15840232?video=808001565
Will have links/info on Stern and O&A as it comes in, will most likely be the same news though.
Here are some highlights from the video, nothing really new here though.
Mel says they are fully funded [...]
SIRIUS XM Radio Chosen as New Corporate NameCombined Company Has Over 18.5 Million Subscribers, Annualized Second Quarter Revenue Exceeding $2.4 BillionCompany to Offer Consumers Best of Both Services, While Maximizing Significant EfficienciesSIRIUS XM Reiterates Financial Guidance; Expects 2009 Synergies of $400 million and 2009 Adjusted EBITDA of over $300 Million
SIRIUS Satellite Radio and XM Satellite [...]
Straight from the FCC website is the official announcement from the FCC green lighting the merger of Sirius and XM.
COMMISSION APPROVES TRANSACTION BETWEENSIRIUS SATELLITE RADIO HOLDINGS INC. ANDXM SATELLITE RADIO HOLDINGS, INC.SUBJECT TO CONDITIONS
You can read all about the conditions Sirius and XM made here in this PDF.
What amazes me is that on word of [...]
Shares to facilitate hedging for XM Exchangeable Note OfferingShares will not be considered outstanding for accounting purposes
SIRIUS Satellite Radio Inc. announced today the
commencement of an offering of shares of its common stock. The common
stock being offered represent shares of SIRIUS common stock that SIRIUS
will be lending to affiliates of Morgan Stanley & Co. Incorporated
and UBS [...]
– Revenue of $283 Million, Up 25% Year Over Year– Total Subscribers of More Than 8.9 Million, Up 25% Year Over Year– Adjusted Loss from Operations Improves 70% Year Over Year
SIRIUS Satellite Radio today announced preliminary
second quarter 2008 financial results, including a 25% increase in
revenue to $283 million, total subscribers in excess of 8.9 million [...]
The Federal Communications Commission gave the merger a green light late
Friday after Commissioner Tate voted to approve it,
breaking what had been a 2-2 tie, according to published media reports.
Tate’s blessing came only after the companies agreed this week to pay a
total of $19.7 million to the government for violations of FCC rules,
according to the Associated [...]
The merger had still not been voted on this Friday morning as everyone was expecting. Apparently there is a hold-up on a vote by thecommissioners on a consent decree.
Even thought Martin was expected to sign off on the merger there is a thought that the hold up could be administrative or strategic. A source said [...]
Watch a demo on the new Sirius Travel Link system found in the 2009 Lincoln MKS
Sirius Travel Link System Demo - In 2009 Lincoln MKS
From: CarDataVideo
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