The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


Karmazin Wants Merger With XM; Says Regulatory Issues Won’t Happen Now

  • Comments Comments (View)
  • Text Size: A A

This interview in SmartMoney is causing some controversy in various circles: Mel Karmazin, CEO of Sirius Satellite Radio, said in a short interview that he’d be interested in merging his company with XM Satellite Radio, his archrival and the market leader in the hotly competitive $1.5 billion industry.  “Mergers often lead to creating shareholder value…I’ve always been open to that.” He’d floated the idea at a trade conference that he’d like to buy XM, but he predicted there would be regulatory hurdles. He no longer thinks regulators would pose a problem. “If there’s an iPod with terrestrial radio, it’s hard to believe government is worried about two satellite radio companies combining,” he said.

Nov 26, 2006 7:41 PM ET

Posted In: Media & Publishing, TV, Satellite

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

Kindle (Paid) Kindle (Paid)
1. The Hunger Games
2. Catching Fire (The Second Book of…
3. Mockingjay (The Final Book of The…
4. Vienna Triangle
5. Kill Shot (Mitch Rapp)
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff