Sirius XM prepares for bankruptcy

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The recently merged company between Sirius Satellite Radio, and XM Satellite Radio, have merged into Sirius XM, but along with the merge, came a massive debt that neither company was able to cover. The...

FCC Commissioners Set To Approve XM-Sirius Deal

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A majority of commissioners at the Federal Communications Commission have reached a deal to approve Sirius Satellite Radio Inc.'s long-pending purchase of XM Satellite Radio Holdings Inc. The final hold-out, Republican commissioner Deborah Taylor Tate,...

Senator Wants XM-Sirius Deal Blocked

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Senator Byron Dorgan, a high-ranking member of the Senate Commerce Committee and Democrat, urged U.S. communications regulators on Friday to block Sirius Satellite Radio's purchase of rival XM Satellite Radio, saying the deal would lead...

DoJ Okays Sirius-XM Merger

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A merger between the two players in the US satellite radio market, Sirius and XM Radio, came a step closer to reality today when the U.S. Department of Justice (DoJ) informed the companies that it...

Sirius Radio Exceeds 8.3 Million Subscribers

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Sirius Satellite Radio today announced that it ended 2007 with 8,321,785 subscribers, up from the company's 2006 ending subscriber base of 6,024,555. During 2007, SIRIUS added approximately 2.3 million net subscriber additions. "Sirius' subscriber base...

Sirius CEO: Hey, We Stink Less Than XM

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Sirius Satellite Radio Incorporated CEO Mel Karmazin noted he was just as disappointed as other investors in Sirius' lagging stock price but compared to rival XM, he said: "We suck less." Sirius' stock has fallen...

Sirius CEO Faces Skeptics in Senate

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A Senate committee chairman said Sirius Satellite Radio Incorporated has "a steep hill to climb" in showing that its proposed purchase of XM Satellite Radio Holdings Incorporated will not hurt competition in the audio entertainment...

Sirius Radio to merge with XM

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Despite previous reports concerning the FCC denying XM and Sirius a chance to merge, the two U.S. satellite radio providers have announced that a merger would indeed take place in a stock-for-stock deal. The two...

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