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Untitled Document

XM Satellite Radio: We don't need a merger, but we would like one

Published: Saturday, September 15, 2007

XM Satellite Radio bosses Nate Davis and Gary Parsons in a Q&A with the New York Times said that a merger with Sirius would be great but if it doesn't happen, that would be great as well. As both companies wait for the final word on whether or not they can merge. The boys at XM are all about business as usual.


Q. It is said that the darkest part of the night is just before the dawn. Do you ever wake up fearing that this merger will not happen?

PARSONS: No, I actually don’t. We have said that we do not need the merger to go forward. Candidly, it’s pedal to the metal from the beginning to the very end. The most extraordinary thing has been the visceral nature with which the N.A.B. jihad has progressed against the merger.

The Future for XM, With or Without a Sirius Merger [NYT]

Labels: GaryParsons, Mergers, Nate_Davis, SatelliteRadio, Sirius, XM

Comments on "XM Satellite Radio: We don't need a merger, but we would like one"

 

Anonymous Chinook said ... (10:54 AM) : 

I do some work with NAB, and I'm a little surprised that Parsons is referencing a "jihad" in defending his proposed monopoly. Perhaps it is because he knows their argument that somehow an XM-Sirius merger wouldn't form a monopoly on satellite radio is flimsy at best.

When EchoStar and DirecTV attempted to form their own monopoly on satellite TV they were blocked on the grounds that it would be bad for consumers. This case is no different.

 

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