Monday, February 19, 2007
XM and Sirius merging
After months of speculation, XM and Sirius officially announced their merger plans this afternoon. It's being called a merger of equals, but Sirius CEO Mel Karmazin will head the new company, and XM shares will be exchanged for Sirius stock. The name of the united company has yet to be determined, and a number of programming decisions lie ahead, but the combination certainly seems to make sense for both subscribers and investors.
























