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Time: 10-15-2008, 08:02 PM
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Sirius acquires XM; forms monopoly
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drew102e
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Post: #1
Sirius acquires XM; forms monopoly

awesome, i have been waiting for this, cant wait to get a new combo reciever for the car

hope prices dont go up

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Sirius acquires XM, forms Sirius XM Radio, pop the cork: it's done

So, it's done: Sirius has completed its acquisition of XM, forming Sirius XM Radio with more than 18.5 million subscribers, making it the second-largest radio business in the US. The new company, headquartered in New York, expects to save about $400 million in 2009 while earning $300 million. If you're a drooling investor, don't go charging up to the champagne room just yet -- analysts are pointing out that neither company has ever posted a profit, and losses are in the billions. Anyway, can we move on to all the new, shiny Sirius XM receivers now, please?


07-29-2008 01:51 PM
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TheCosmicFrog
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RE: Sirius acquires XM; forms monopoly

I don't get it?

Why is it good that Sirius has bought a "waveband" (I use that term loosely, believe me!)? The car we rented over here has a built in Sirius radio. Is it because other XM receivers don't work with Sirius?

Edit - Ohhh..... XM is a rival company of Sirius? I thought XM was the term put on all satellite radio...


This post was last modified: 08-02-2008 07:15 AM by TheCosmicFrog.

08-01-2008 11:21 PM
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