I’ve been waiting patiently for this Merger but It’s starting to get pretty annoying with this long wait. I don’t know what is up with the FCC but they better make a decision soon.

Here is the Article to match the Headline. Hope everyone likes the new site. Leave me any comments that you might have.

LOS ANGELES, Jan 9 (Reuters) – Shares of Sirius Satellite Radio Inc (SIRI.O: Quote, Profile, Research) and XM Satellite Radio Holdings Inc (XMSR.O: Quote, Profile, Research) fell more than 10 percent on Wednesday on worries their planned merger could be in trouble, analysts said.

Sirius Chief Executive Mel Karmazin told an investor conference on
Tuesday that he had not yet “officially” heard from government
regulators who have to approve the deal, but added that he was still
confident the merger was on track.

Barrington Research analyst James Goss said investors were trying
to determine from Karmazin’s comments whether there was opposition at
the Department of Justice, which will decide if combining the two U.S.
satellite radio companies would be anti-competitive for consumers.

“I think one of the issues has been the speculation about whether
the merger will take place,” Goss said. “Today’s sentiment seems to be
‘no.’”

He added that the shares “had run up for awhile when it seemed like
everybody was getting on board with the notion that it would take
place.”

On Nasdaq, XM fell 8 percent to $10.55 and Sirius dropped 5 percent to $2.82 at mid-afternoon.

“The merger between XM Satellite and Sirius was expected to be
completed by the end of 2007 but this did not happen,” said William
Lefkowitz, an options strategist at brokerage firm vFinance
Investments. “Therefore, some investors are concerned that this deal is
running into problems and may never be completed.”

(Reporting by Gina Keating in Los Angeles and Doris Frankel in Chicago, editing by Richard Chang)

Technorati Tags: sirius, xm, satellite radio, merger news, merger, FCC, Stocks, Shares

SIRIUS Satellite
Radio (Nasdaq: SIRI) today announced that it ended 2007 with 8,321,785
subscribers, up from the company’s 2006 ending subscriber base of
6,024,555. During 2007, SIRIUS added approximately 2.3 million net
subscriber additions.

“SIRIUS’
subscriber base increased 38% in 2007, and our gross subscriber
additions in 2007 were the highest in the history of satellite radio,”
said Mel Karmazin, CEO for SIRIUS. “Our full year monthly subscriber
self-pay churn rate was 1.6% and all-in churn was 2.2%, consistent with
the low end of our guidance. Based upon preliminary financial data, we
expect to report significantly greater positive free cash flow in the
fourth quarter of 2007 than the company reported in the fourth quarter
of 2006.”

SIRIUS plans to release full year 2007 financial results and
2008 guidance in February 2008.

Technorati Tags: sirius satellite radio, sirius