Mixed Signals on Radio Deal

Farrell, Mike
September 2007
Multichannel News;9/10/2007, Vol. 28 Issue 36, p25
The article offers information on merger deal of XM Satellite Radio Inc. and Sirius Satellite Radio Inc. The $13.6bn deal was proposed by the companies in February, 2007. Chief executive officer (CEO)of the new company would be Mel Karmazin, CEO of Sirius, and chairman would be Gary Parsons, XM chairman. Jonathan Jacoby, Banc of America Securities LLC broadcast analyst, stated that the deal has lost its momentum and there are only 30% chances of the deal to get through.


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