Sirius-XM Gets Official OK
Sunday, July 27th, 2008After a year and a half of wrangling and questions, the FCC decided late Friday to approve the merger between Sirius and XM, the nation’s two satellite radio providers.
For sports fans, the merger means the combination of the service with exclusive rights to Major League Baseball broadcasts (XM) and the one with rights to NFL games (Sirius). Now Seattle fans should be able to listen to broadcasts of the Seahawks and Mariners, and self-hating Philadelphia transplants can listen as both the Eagles and Phillies fall short at the end of the year.
The two companies began to combine back in 2006, when both said they were losing large amounts of money. Many blame the woes on throwing large amounts into deals with personalities such as Howard Stern, as well as the exclusive sports contracts.
The Federal Communications Commission spent a while reviewing the transaction to try to stave off worries about a potential monopoly. The satellite radio companies argued that, although they constituted the satellite market, they compete with iPods, traditional radio and internet radio stations. That apparently resonated with the FCC.
Part of the ruling in favor of the merger is reportedly an agreement from the new satellite giant to offer a la carte pricing. That means subscribers should be able to select which stations or groups of stations they want to receive and which they don’t need. As of Sunday, neither the Sirius nor XM site mentioned subscriptions in any terms other than monthly or yearly. In addition, neither site mentioned the merger — at least in any obvious fashion.
We’ll have to see how the merger ultimately affects pricing, service and the longevity of the now-combined company. At the very least, though, all those shares of stock that Stern reportedly got when he signed on might finally be worth something.
Over the past five years, the fantasy sports market has doubled, with users increasing at a rate of about 23 percent a year, according to numbers from the Fantasy Sports Trade Association and the research firm Ipsos.
