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XM/Sirius merger predictions
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More banking mergers predicted
The head of the nation's largest consumer bank said Thursday the country's economic downturn will accelerate consolidation across the banking industry...Chief Executive Ken Lewis said he doesn't expect a spike in bank failures similar to that of t...
XM Satellite Radio Loss Widens, Subscribers Increase
XM, which is seeking regulatory approval for an acquisition by rival Sirius, said it lost $129.3 million, or 42 cents per share, compared with $122.4 million, or 40 cents per share, a year ago. Analysts were expecting a loss of 39 cents a share on...
Wis. AG Wants to Block Satellite Merger
Justice Department decided earlier this month to permit Sirius Satellite Radio Inc.'s proposed $5 billion buyout of rival XM Satellite Radio Holdings Inc...Van Hollen, a Republican, sent a letter to FCC Chairman Kevin Martin and Wisconsin's congre...
Satellite radio industry timeline
The companies have a combined total of 17 million subscribers. The FCC approves rules creating the satellite radio industry consisting of two licensees. XM Satellite Radio Inc. and Sirius Satellite Radio Inc. say in a letter to the FCC that they
U.S. states urge FCC constraints on XM-Sirius deal
A group of state attorneys general on Thursday urged the U.S. O: Quote , Profile , Research ) if it decides to approve the $4.15 billion deal. Attorneys general from 11 states including Ohio, Missouri, Connecticut and Iowa told the FCC they were
What will the Federal Communications Commission decide regarding the proposed XM/Sirius merger? The hell if I know.
But it'ss fun to come up with predictions, especially if you live 3,000 miles away from Washington, D.C. and mostly get your information via the Internet. One thing is for sure, the path is open to a decision. The Departme...
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Sirus said that its quarterly net loss narrowed to $104.1 million, or 7 cents a share, from a net loss of $144.7 million, or 10 cents a share, a year earlier. At XM, the net loss increased to $129 million, or 42 cents a share, compared with $122 million, or 40 cents a share, a year earlier.
ShareAbout the only thing predictable in agriculture is that there always will be something unpredictable to fret about. Just considering the short-term stuff that can throw ag markets into turmoil -- weather, trade disputes, crop booms and busts -- predicting where farming is going to be 20 years from now would appear to be a fool's errand, if figuring out where markets are going to be a year from now is so difficult.
Sirius announced an agreement to acquire XM in February 2007, and received antitrust clearance from the Department of Justice in March. But the deal, valued at about $4 billion, is still waiting for approval from the Federal Communications Commission, which could impose conditions on the acquisition before it closes.
XM Satellite Radio reported Monday more of the same as it limps toward a final decision on its proposed merger with rival Sirius Satellite Radio: Slower growth and wider losses. The Washington, D.C. broadcaster, which released quarterly earnings, offered no update on the status of the biggest deal in satellite radio history.
XM, which is seeking regulatory approval for an acquisition by rival Sirius, said it lost $129.3 million, or 42 cents per share, compared with $122.4 million, or 40 cents per share, a year ago. Analysts were expecting a loss of 39 cents a share on revenue of $313 million, according to Thomson Financial.
The subscriber gains overshadowed a wider first-quarter net loss at XM, which is waiting for the U.S. Federal Communications Commission to approve the deal with Sirius. Shares of Washington D.C.-based XM, whose program lineup includes Major League Baseball and Oprah Winfrey, were up over percent after it said it added 303,000 net new subscribers and ended the quarter on March 31 with 9.33 million subscribers.
Va. — XM Satellite Radio Holdings Inc. said Monday its first-quarter loss widened by nearly 6 percent even as revenue jumped 17 percent. XM, which is seeking regulatory approval for an acquisition by rival Sirius, said it lost $129.3 million, or 42 cents per share, compared with $122.4 million, or 40 cents per share, a year ago.
Supporters of the merger of Delta and Northwest airlines are working both their inside and outside games, as company executives and labor union leaders head to Capitol Hill Wednesday to testify on how the deal would affect America's troubled aviation industry.
As the global climate warms, many tropical insects face extinction unless they can adapt in some way, researchers in the U.S...Insects are not able to control their temperature, which is dictated by the environment. All animals can live within a range of temperatures, but for each species, there is a "best" temperature not too far below the highest temperature it can tolerate.
Fare hikes, however, have not kept pace with rising fuel costs, which are directly linked to the soaring price of oil. As a result, airlines posted big losses in the first quarter, and pressure is mounting on carriers to merge. "Absent the removal of meaningful capacity reductions from the domestic airline industry, you don't get substantial consolidation benefits," Klaskin said. "That's the ugly, sad truth."