XM and Sirus to Perhaps Merge...
Well, I figured that was going to happen, but XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc., rivals in satellite radio industry, have agreed to combine in a deal that investors hope will result in significantly reduced costs and increased profitability.
Right now, both radio entities are struggling and it would only make sense for both to merge. However, a merger will be hard to come by as regulations may forbid both companies from margining, there’s a Federal Communications Commission provision that specifically forbids the two companies to combine.
Analysts note, however, that the FCC could change the rule or allow an exception to it.
How this will affect baseball fans remains to be seen...Link: http://www.baltimoresun.com/business/bal-merger0219,0,4514905.story?coll=bal-home-headlines
* paraphrased from the
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