Losses at XM and Sirius as They Pursue a Merger

May 13, 2008 :: REUTERS Via NY Times Dot Com :: Sirius Satellite Radio and XM Satellite Radio, the pay radio stations that are seeking to merge, both reported solid gains in subscribers on Monday although both also posted quarterly losses. Sirus said that its quarterly net loss narrowed to $104.1 million, or 7 cents […]


Sirius-XM Merger Approved by Justice Department

Justice Department gives thumbs up to satellite radio merger more than one year after it was first announced. CNN/MONEY March 24, 2008: 4:21 PM EDT In its decision, the Department of Justice determined that an XM-Sirius merger was not anti-competitive. The Justice Department argued that other media companies such as Clear Channel (CCU, Fortune 500), […]