Some info on the Sirius/XM merger
Friday, July 25th, 2008I’ve had Sirius for probably 4 or 5 years now. Within that period I also had XM for a month and hated it. I’ve stuck with Sirius and loved every minute of it. Between Neil and I, I would say we’ve sold a dozen people or more on the service. It truly has something for everyone. Initially I was very disappointed to hear that the two wanted to merge. I though prices would go up from reduced competition. I thought the play lists would become a Clear Channel knock-off like XM more commercial. Actually, these things will still probably happen, but there’s not all bad news coming out of this:
Among the conditions that both companies had already accepted were à la carte programming that would give consumers flexibility in which channels they pay for, the permission for any electronics company to develop devices that would receive the service and a price freeze for three years.
Shares in both companies rose on Wednesday in anticipation of approval. XM rose 94 cents, or 10.3 percent, to close at $10.04. Sirius closed at $2.68, up 30 cents, or 12.6 percent.
Customized programming and better numbers from both companies is definitely something I can get behind. We can only hope that the à la carte programming is a huge success and cable and satellite television providers follow suit. Source.