Monday, February 19, 2007

Tough Road Ahead for XM Sirius Merger.


Its pretty much official Sirius and XM satellite radio are merging. The news was delivered by ABC news. Despite their mutual desire to merge they will probably (correct that, definitely) face stiff opposition by the FCC and the US antitrust authorities and several powerful lobbyist groups in Washington.

The merger seems like a natural move for the satelite radio industry and will put an end to years of programing wars and multi million dollar contracts.

I will keep you updated as more news unfolds.

Thanks ABC!

Cheers,
Christian

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