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Latest XM Satellite Radio Holdings Inc. Stories

2008-07-28 06:00:39

IRVINE, Calif., July 28 /PRNewswire/ -- FiSpace.net, which provides social networking tools for investors, announces the availability of blogs, message boards, and articles regarding technology innovators Sirius Satellite Radio Inc. , XM Satellite Radio Holdings Inc. , Microsoft , Google , Apple , and Amazon.com . To discuss and read perspectives on the Sirius/XM merger visit: http://fispace.net/stock/services/broadcasting-tv-radio-internet The FiSpace.net exclusive blog, "What Investors...

2008-07-24 18:00:27

Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. may get a green light on their merger if they pay about $20 million in fines, sources said. Federal Communications Commissioner Deborah Tate would cast the deciding vote in favor of the merger if the companies pay the fines for various violations on tower locations and power limits, sources told The Wall Street Journal. The combined companies, once rivals, are worth $7.5 billion, the Journal reported. The merger includes...

2008-07-24 12:00:55

WASHINGTON, July 24 /PRNewswire-FirstCall/ -- XM Satellite Radio Holdings Inc. announced today that its subsidiary, XM Satellite Radio Inc., priced an offering of $778.5 million of new senior notes. The notes, which were offered pursuant to Rule 144A and Regulation S under the Securities Act of 1933 (the "Securities Act"), will bear interest at an annual rate of 13%. The price to investors will be 89.93% of the principal amount of the notes for an effective yield of 16%. The company will...

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2008-07-18 13:40:00

Federal Communications Commissioner Jonathan Adelstein, a fierce critic of government policies that allow big media companies to get bigger, made a surprising move when he put forth a proposal that would allow the nation's only two satellite radio companies to merge. Adelstein, one of the Democratic Commissioners and the potential deciding vote, said that he would support Sirius Satellite Radio Inc's $3.1 billion buyout of XM Satellite Radio Holdings Inc. as long as the companies agree to a...

2008-07-12 12:00:24

By Bloomberg News Federal Communications Commission Chairman Kevin Martin said Friday he hopes to persuade the agency to vote this month on Sirius Satellite Radio Inc.'s proposed purchase of XM Satellite Radio Holdings Inc. Martin, who recommended conditional approval of the $3.5 billion deal last month, said he's willing to consider additional conditions to persuade a majority of the five-member commission to support it. (c) 2008 Deseret News (Salt Lake City). Provided by ProQuest...

2008-06-19 00:00:00

WASHINGTON - The chairman of the Federal Communications Commission is recommending approval of the $5 billion merger between the nation's two satellite radio broadcasters in exchange for concessions that include turning over 24 channels to noncommercial and minority programming. That condition - along with others, including a three-year price freeze for consumers - convinced FCC Chairman Kevin Martin on Sunday to recommend approval for Sirius Satellite Radio Inc.'s buyout of rival XM...

2008-06-17 21:00:00

WASHINGTON - The chairman of the Federal Communications Commission now says he is satisfied the $3.8 billion merger of the nation's only two satellite radio companies is in the public's interest, but that is no guarantee the deal will win final approval. Two of the other four commissioners are ardent foes of allowing big media companies to get bigger, and a third has been sympathetic to the broadcast industry, which opposes the satellite radio deal. Some powerful members of Congress also...

2008-06-17 09:00:17

By Eric Benderoff, Chicago Tribune Jun. 17--One key reason for the proposed merger between the nation's two satellite radio services is the economy. With gas approaching $5 a gallon and the cost of basic household commodities inching ever higher, asking consumers to shell out $13 a month to listen to the radio is not an easy sell. "They won't make any money unless they get together," and one is likely to fail without a merger, said Jerome Boros, a New York-based attorney who...

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2008-04-03 18:25:00

When the Justice Department granted approval for the merger of XM Satellite Radio Holdings Inc. (XMSR) and Sirius Satellite Radio Inc. (SIRI) last week, the failure to deploy radios that work with both systems was cited as part of the justification.  The department said "there has never been significant competition" between the companies for customers who already subscribed to one of the services. It added that while the companies had "made some efforts" to develop an interoperable...

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2006-03-24 17:45:00

NEW YORK -- Fans of U.S. satellite radio have been waiting eagerly for nearly a year to get XM or Sirius on to their cell phones. But as the two satellite radio providers carefully ponder their mobile strategies and chew over business plans, a small group of technically savvy devotees are taking matters into their own hands. Grassroots software and Web developers have found ways to tap into XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc.'s Web sites to stream music channels...