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XM and Sirius Satellite Radio face up to their losses and decide to get hitched

Article Abstract:

XM Satellite Radio and Sirius Satellite Radio are planning to merge operations, after years of losses. The possible merger could create a $13-billion company.

Author: Robertson, Grant
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2007
Acquisitions & mergers, Mergers, acquisitions and divestments, Company acquisition/merger, Sirius Satellite Radio Inc., XM Satellite Radio Inc., SIRI

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XM burning through cash to catch Sirius

Article Abstract:

The effort of XM Satellite Radio Holdings Inc. to spend about $45 million to increase sale of its radio in Canada is discussed.

Author: Robertson, Grant
Publisher: Bell Globemedia Interactive
Publication Name: Globe & Mail (Toronto, Canada)
Subject: News, opinion and commentary
ISSN: 0319-0714
Year: 2007
Sales, profits & dividends, Financial management, Company investment, Investments, Company sales and earnings, Company earnings/profit, XM Satellite Radio Holdings Inc.

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Subjects list: United States, Satellite communications services industry
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