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,...

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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...

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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...

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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...

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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...

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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...

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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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