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June 24, 2005
Sirius Rumor: ABC Radio?
Inside Radio is buzzing about a possible deal between Sirius Satellite Radio and ABC Radio. Two scenarios are being hinted at:
Sirius possibly acquiring terrestrial ABC Radio. (No FCC regulations prohibiting this)
Sirius acquiring an over-the-air network/syndication operation providing Sirius with a rich new source of content.
Very very interesting. All just speculation right now, but I wonder where this rumor came from?
June 24, 2005 08:28 AM
Comments
This is total BS. ABC would cost about 2 billion. If Sirius were to buy ABC they would be certifiable crazy. They would have to sell over 333 million shares to do the deal. This would dilute current shareholder value by almost 40%.
Where did the rumor come from? An idiot, which could be Karmazin.
Posted by: Bud at June 24, 2005 11:19 AM
The article is NOT talking about SIRIUS taking over the whole network of ABC, but just the terrestrial radio portion (i.e. NO TV, ETC). This deal would be great and could give SIRIUS exclusive rights to Sean Hannity who seems to be a very popular radio host.
Posted by: Jack_Mehoffer at June 24, 2005 03:56 PM
