The StreamSmart project is dedicated to creating a platform for playing content from Sirius XM on a range of devices, including the iPhone. As a general purpose it resonates with the BBC’s plan for ubiquitous device-agnostic future broadcasting through iPlayer. Continue reading →
Sirius Satellite Radio said today that is has completed its purchase of XM Satellite Rario to form a new combined company.
The news follows last week’s approval of the merger of the two firms following an extensive period of government scrutiny of the deal, ending when the US FCC gave the deal the go-ahead last week.
The new company will be named Sirius XM Radio, and will have more than 18.5 million subscribers, making it the second-largest radio company, based upon revenue, in the country; and, based upon subscribers, the second largest subscription media business in the US. Continue reading →
Regulators have given the green light to the merger of the only two satellite radio operators in the US, Sirius Satellite Radio’s buyout of XM Satellite Radio Holdings has been given the go-ahead.
The move means over 18 million subscribers will be able to receive programming from both services. The buyout’s cost was about $3.5 billion. Executives say it will mean huge cost savings that will lead to the first profits for the relatively nascent industry.
The Federal Communications Commission voted 3 to 2 to approve the buyout. The winning vote came when the companies agreed to pay $19.7 million to the federal Treasury to settle F.C.C. rule violations.