24/7 Wall St.
07-08-2008, 09:00 AM
24/7 Wall St. Daily News
Most Wall St. observers now think that the merger between Sirius Satellite Radio (SIRI) and XM Satellite Radio (XMSR) will go through. The FCC, pushed by some members of Congress and the radio industry, may insist on a cap for subscription fees so that the new company cannot use its "monopoly" status to jack up rates. But, increasing subscriber fees may be the key to the success of the venture. Both Sirius and XM carry debt loads well in excess of $1 billion. XM recently refinanced part of its debt, and was forced to pay a high interest rate because...http://feeds.feedburner.com/~f/typepad/RyNm?i=EMtsFJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=EMtsFJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=GlxJgJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=GlxJgJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=AzfmZj</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=AzfmZj)
complete story here... (http://www.247wallst.com/2008/07/if-sirius-siri.html)
Most Wall St. observers now think that the merger between Sirius Satellite Radio (SIRI) and XM Satellite Radio (XMSR) will go through. The FCC, pushed by some members of Congress and the radio industry, may insist on a cap for subscription fees so that the new company cannot use its "monopoly" status to jack up rates. But, increasing subscriber fees may be the key to the success of the venture. Both Sirius and XM carry debt loads well in excess of $1 billion. XM recently refinanced part of its debt, and was forced to pay a high interest rate because...http://feeds.feedburner.com/~f/typepad/RyNm?i=EMtsFJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=EMtsFJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=GlxJgJ</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=GlxJgJ) http://feeds.feedburner.com/~f/typepad/RyNm?i=AzfmZj</img> (http://feeds.feedburner.com/~f/typepad/RyNm?a=AzfmZj)
complete story here... (http://www.247wallst.com/2008/07/if-sirius-siri.html)