"Wha-wha-WHAT?" (if you've been a Stern fan over the years, you know the SFX)...
This gave me a laugh reading Jossip's Media Blitz this morning. Too bad I was drinking my coffee at the time (thank god for Bounty):
Sirius and XM merger described as imminent possibility; Howard Stern described as "too rich to care."Of course, whether this announcement happens or not, the next 15 months of FCC regulatory hell would serve as either a sideshow or a distraction...and Stern will still be "too rich to care".
(canned applause in response)
Obviously, it is a BIG deal, if it can get through. A predicted operating savings of $7 Billion (if an accurate estimate) means satellite radio has a much better chance of thriving and surviving. But at what cost will come those savings? There's always a cost...
Update at 1:30PM EST: ABC NEWS has "confirmed" through their sources the merger deal is happening today, although it has not been announced or commented directly by either XM or Sirius officials...yet.
So...if the story is accurate and eventually approved, how would the merger play out? Here's one way to see it...(click through)
Here's another point of view from Wall Street. And more. And yet more comments on the possible end of XM's and Sirius' head-to-head competition.
Winners and losers? Your thoughts?
Another update (3:45pm EST): It's now official.
For a MoneyCentral financial analysis of Sirius share/investor history and its future prospects, click here.
So what does Howard Stern and Mel Karmazin think about the merger? Click here and here.
posted by Chris Kennedy @ Monday, February 19, 2007,