Recent Blog Posts
-
Mapping Company Raises Millions
Nov 20 20094:09 pm EDT -
Facebook Valuations Are All Over the Map
Nov 20 200911:30 am EDT -
The Future of Tech, 2010 Edition
Nov 20 20099:13 am EDT -
Automatic Pancake-Making Machine Attracts $2 Million in Capital
Nov 19 20094:53 pm EDT -
Apple Talk of Microsoft's Annual Meeting
Nov 19 20091:27 pm EDT -
There Is Still Hope for the News Business
Nov 19 200911:50 am EDT -
The Google Phone May Be Near
Nov 18 20094:10 pm EDT -
Amazon Grocery Service Goes Mobile with iPhone
Nov 18 20099:13 am EDT -
How Microsoft Blew It in Mobile
Nov 17 20093:55 pm EDT -
Ten Reasons Why Startups Fail
Nov 17 20092:18 pm EDT
Links
- Engadget

- Pandora

- GigaOM

- USA TODAY Tech

- Todd Bishop's Microsoft Blog

- Somewhat Frank's tech conference list

- BuzzTracker Tech

- The Long Tail

- Tom Foremski

- Roger McGuinn's Folk Den

- John Battelle's SearchBlog

- Mark Cuban's blog

- SciTech Daily

- Romenesko

- Kevin Maney's site

- Steven Johnson

- Marc Andreessen

- TechCrunch

- Fred Wilson

- paidContent

- Spiedies, mmmm

No More Static: Sirius and XM Complete Merger
Our cousins at Wired.com report on the Sirius-XM merger:
Well, it's official: Sirius and XM satellite radio have finally tied the knot, ending speculation by creating a single entity known as Sirius XM Radio, Inc. that represents all of the country's satellite radio programming.
"I am delighted to announce the completion of this exciting merger between SIRIUS and XM," stated the new Sirius XM CEO Mel Karmazin, formerly the CEO of Sirius. "We have worked diligently to close this transaction and we look forward to integrating our best-in-class management teams and operations so we can begin delivering on our promise of more choices and lower prices for subscribers."
As part of the deal, XM shareholders will receive 4.6 shares of stock in the new company for every share of XM stock they hold, putting the purchase price at around $2.76 billion given stock prices at the close of trading on Monday. Karmazin says the new company will benefit both shareholders and existing customers. "Combined, SIRIUS XM Radio will deliver superior value to our shareholders. By offering more compelling packages and the best content in audio entertainment, we are well positioned for increased subscriber growth."
Here's what the 18.5 million subscribers to the new combined service can expect. First, they'll be able to pick and choose programming on a channel-by-channel basis, which hasn't been possible on either service before. However, XM spokesperson Chance Patterson told me last summer that a la carte channel subscriptions will require new radios. (As promised, subscribers can keep their existing equipment and programming package if they don't want this and other new features.)
Subscribers to both former services will be offered a "Best of Both" service that will cost about $7 per month, given previously suggested pricing details (each separate service previously cost $13 a month). Various music- or sports-oriented packages will become available in the fall, as well as premium packages that offer all of one service's programming plus a selection from the other.
Antitrust concerns had plagued the proposed merger, but apparently, other digital music distribution systems were significant enough that even a combined XM/Sirius would continue to face competition. As a result, the FCC approved the merger last week. My hunch: someone took one look at streaming radio on an iPhone and the deal was done.
Eliot Van Buskirk for Wired.com






