[Swprograms] XM and Sirius to merge?

["Sandy Finlayson" <sfinlayson@xxxxxxx>]

I just came upon the following item.  I have no idea how reliable this
is.

http://www.nypost.com/seven/02192007/business/heavenly_deal_business_pet
er_lauria.htm


XM And Sirius To Announce Merger, NY Post

According to the NY Post, XMSR and Sirius will announce a merger as
early as today. Both Sirius and XM trade near multi-year lows as their
subscriber growth decelerates and they face competition from new
consumer electronics devices like the Apple (AAPL) iPod.

The companies each has over $1 billion in debt.

A consolidation is seen as way to save hundreds of million of dollars in
redundant costs, but the FCC may resist a merger which would eliminate
competition in the satellite radio market.

--------------------------------------------------------
Mr. Sandy Finlayson
Philadelphia, PA



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