The Church Speaks to the State

With a blessing from God on the books, what can the F.C.C. say about the Sirius Satellite-XM Radio deal now?
The latest endorsement for the satellite radio mega-merger might not have come from the big man himself, exactly, but it did emanate from one of the most senior-ranking officials in the Catholic Church.
Cardinal Edward Egan, the archbishop of New York, penned an editorial in Friday's New York Post that blesses the pending proceedings between Sirius Satellite Radio and rival market-leader XM.
In the Cardinal's opinion, the union of the two satellite radio giants is a 21st century extension of the Catholic Church's long-standing mission to spread Christian messages to the faithful. "The Catholic Channel and Sirius Satellite Radio present a unique opportunity for the church to speak with people -- Catholic and non-Catholic alike," Egan wrote in the editorial.
The Catholic Church has a history of merchandising deals and corporate sponsorships, but endorsing this corporate merger may be a first. Egan admits it's "a topic that's far from the usual fodder for those of us called to serve the church."
Not surprisingly, XM and Sirius jumped all over the holy endorsement. "We are extremely pleased to receive support from such a highly regarded and influential spiritual leader," said Gary Parsons, Chairman of XM, and Mel Karmazin, CEO of Sirius, in a joint statement.
Faith-based channels are among the hundreds of programming choices offered by both satellite radio providers. Examples include The Catholic Channel and EWTN Global Catholic Network on Sirius, and Christian pop channel The Message offered by XM.
Egan joins a large group of companies that see the potential merger as a way to get their content to more people, and cheaper.
XM and Sirius announced in February that they would undertake a merger of equals, 20 organizations and businesses have filed positive comments with the Federal Communications Commission including the N.A.A.C.P. and League of United Latin American Citizens, American Trucking Associations, National Council of Women's Organizations, and the League of Rural Voters.
In order for the merger to go through, XM and Sirius will have to get the go ahead from government regulators including the F.C.C. - both companies expect to jump those hurdles and close on the merger by the end of 2007. And then they'll have a better idea if prayer works.
by Liz Gunnison
Photo by Dennis Van Tine/Landov
Loading...
Thank you for registering as a Portfolio.com Insider. Your comment has been added.
Create Your Public Profile- ACBJ to relaunch Portfolio.com
- May 20 2009 1:44PM EDT
- 44, Day 97: On Golf, Swine Flu, and a "Hallmark Holiday"
- Apr 26 2009 5:39PM EDT
- 44, Day 96: Where's the Suggestion Box?
- Apr 25 2009 2:10PM EDT
- 44, Day 95: Let Them Have Student Loans
- Apr 24 2009 6:49PM EDT
- Stressing Out Over Stress Tests
- Apr 24 2009 2:14PM EDT
- King of the Private Equity Hill
- Apr 24 2009 8:23AM EDT
- 44, Day 94: What's in Obama's Wallet?
- Apr 23 2009 6:39PM EDT
- Madoff Clawback Campaign Targets Ex-Clients
- Apr 23 2009 3:00PM EDT
- Merrill, Muzzle, and the Mob
- Apr 23 2009 1:45PM EDT
- 44, Day 93: Earthly Concerns
- Apr 22 2009 7:14PM EDT
- Stanford Prosecutor Arrested for Assault
- Apr 22 2009 5:47PM EDT
- IMF Downgrades the Global Economy
- Apr 22 2009 2:00PM EDT
- Ackman Opens His Target Slate to Questions
- Apr 22 2009 11:51AM EDT
- Freddie Mac Acting CFO Found Dead
- Apr 22 2009 8:42AM EDT
- 44, Day 92: About Those Interrogations
- Apr 21 2009 5:53PM EDT






