TVNewser FishbowlDC AgencySpy TVSpy LostRemote PRNewser SocialTimes AllFacebook 10,000 Words GalleyCat UnBeige MediaJobsDaily

Sirius-XM Merger? Not So Fast, Mel

Via B&C:

Atter months of speculation, the two major satellite radio companies have made it official. XM and Sirius Satellite Radio have announced a planned all-stock merger that they say will create a satellite radio company valued at $13 billion, with debt of $1.6 billion. XM shareholders each get 4.6 shares of Sirius common stock for each share of XM stock. Combined, the companies claim 2006 revenues of $1.5 billion and approximately 14 million subs. Mel Karmazin, CEO of Sirius, will be CEO of the new company.

But, holdonaminute Mel, says, well, everyone, including FCC chairman Kevin Martin:

Martin said yesterday in a statement: “The companies would need to demonstrate that consumers would clearly be better off with both more choice and affordable prices.”

Mediabistro Course

Magazine Writing

Magazine WritingStarting September 4, learn how to get your work in top publications! You'll learn how to create captivating stories editors will want and readers will love, understand which magazines are right for your stories, craft compelling pitch letters, and more! You'll leave this class with two polished articles and corresponding pitch letters. Register now!