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Sirius XM Satellite Radio
Sirius XM Holdings, Inc. Sirius XM Radio was formed after the U. The proposed merger was opposed by those who felt it would create a monopoly. Sirius and XM argued that a merger was the only way that satellite radio could survive. In September , the company agreed to purchase the competing streaming music service Pandora,   and this transaction was successfully completed on February 1, In November , Margolese stepped down as CEO, remaining as chairman until November , with Sirius issuing a statement thanking him "for his great vision, leadership and dedication in creating both Sirius and the satellite radio industry. SCDR filed a Petition for Rule Making in which it requested spectrum to offer Compact Disc quality digital audio radio service to be delivered by satellites and complementary radio transmitters. Gary Parsons served as chairman of XM Satellite Radio from its inception through the merger, and resigned from the position in November XM and Sirius executives felt the merger would lower programming costs by eliminating overlapping stations and duplicated marketing costs.
Why, because it sucks. And SiriusXM and everyone else for that matter, is losing their shirts to Spotify. My kids will never pay for a song. They will pay for streaming forever. The artists are the main losers in the digital music revolution. But SiriusXM will not survive another 5 years.
It provided pay-for-service radio, analogous to cable television. Its service included 73 different music channels, 39 news, sports, talk and entertainment channels, 21 regional traffic and weather channels and 23 play-by-play sports channels. XM channels were identified by Arbitron with the label "XM" e.
Sirius Satellite Radio
The companies' combined 17 million subscribers have radios that aren't interoperable. Radios that can receive signals from both companies likely wouldn't be available for at least a year after the merger — and a year or two after that for customers who get satellite radios via new car purchases. The Justice Department on Monday green-lighted Sirius' acquisition of XM and the companies are pitching the benefits of "a la carte" programming to the Federal Communications Commission, which must also sign off on the deal.