XM and Sirius To Merge February 19, 2007 11:58 pm
Posted by Rosario T. Calabria in News, Satellite Radio, Sirius, XM.trackback
The two satellite radio companies: XM and Sirius have announced a $13 billion merger.
Together, the networks have about 13 million subscribers. In the merger Mel Karmazin, CEO of Sirius will continue to serve on in the same capacity with the new company, while XM Chairman Gary Parsons will also stay on in the same post.
Hugh Panero, CEO of XM will serve in the same role until the merger closes.
The merger is of course contigent upon the approval by the FCC.
Your Entertainment Now 
Comments»
No comments yet — be the first.