Sirius and XM are proposing a merger of equals.
Sirius CEO Mel Karmazin would come away as CEO of the new entity (whatever it is called) and current XM Chairman Gary Parsons would be chairman of the merged satellite company. That's assuming the FCC approves it. Assuming the DOJ approves it. And that's a lot of assuming. I've seen reporting that predicts an early closing on the merger. On that one, we'll see what happens.
What we know is that a combined company could save billions and billions of dollars. That alone should have investors jumping for joy. These bleeding companies could be profitable as one. No&hellip
Recent Posts
- Trouble Signs for Election Cycle Ad Spends
- The Cumulus Bankruptcy Date is Now Known
- Is Warren Buffett Right About SiriusXM
- The Bad Blood Between iHeart & Audacy
- Urban One’s Fatal Mistake
- What Follows the Dying Media Business
- The Pending Cuts Coming for Late 2024-25
- Is iHeart Behind Audacy’s Bankruptcy Delay?
- Music’s Mental Health Crisis
- The SEC Snags Cumulus for Being Dishonest