Tweet

Sirius XM the Result of XM-Sirius Merger

Sirius Satellite Radio, XM Satellite Radio complete merger.

By John Eggerton -- Broadcasting & Cable, 7/29/2008 7:14:00 AM

Sirius Satellite Radio and XM Satellite Radio said Tuesday that they completed their merger, with Sirius XM the new name of the combined company.

The company said it starts with 18.5 million subscribers and still expects to save $400 million in 2009 from the "synergies" of the combination, with adjusted earnings (EBITDA, or earnings before interest, taxes, debt and amortization) of more than $300 million.

The company's corporate headquarters remain in New York and XM, still a wholly owned subsidiary, will remain in Washington, D.C.

The new stock symbol is SIRI.

The Federal Communications Commission approved the merger late Friday with a bunch of conditions including a la carte and family-friendly programming options, interoperable radios, a price cap and spectrum carve-outs for independent programmers.

Tweet

Talkback

We would love your feedback!

Post a comment

» View All Talkback Threads

Related Content

• Topics
• Author
• Most Popular Pages

No related content found.

Also by this author

• Wireless Bureau Seeks Input on Auction Band Plan

• FCC Lifts Boatload of Telephone Regs

• Clyburn Takes Over FCC May 20

• Web Specs Vex Tex. Rep

• CEA Ponders Challenge to Charter Waiver

Also by John Eggerton

Most Popular Pages

No Top Articles

• Resource Center
• Browse Categories
• Browse Companies

Featured Company

• Mixpo

  

  Mixpo is a video advertising technology provider that enables publishers, ad networks, and agencies to easily deliver dynamically tailored, interactive video ads that are customized in real-time for unique audience segments. Our platform also provides automatic multivariate testi..more

---

Most Recent Resources

• The New Normal for Promoting Tune-in
• Achieving Operational Freedom in Digital Media Workflows