Report: Merger could receive approval tonight - Orbitcast

Report: Merger could receive approval tonight

By Ryan Saghir on January 23, 2008 11:53 AM | 321 Comments

Sirius, XM mergerBriefing.com is citing an unnamed report this morning stating: “XMSR-SIRI merger could receive approval from DoJ and FCC tonight,” according to CNN.

Now we've been through this up-and-down rollercoaster too many times to count, but this is apparently enough to send both stocks into positive territory in a market while everyone else is trading lower.

Spokespersons for both Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. declined to comment on the latest speculation - as did spokespersons at the FCC and DOJ.

Paul R. La Monica at CNN Money gives the best advice on this last round of speculative news:

"There is nothing to suggest that a ruling is going to be announced today, this week, or even this month. So my words of advice to anxious Sirius and XM shareholders would be 'Patience, grasshopper. Patience.' Stop buying and selling on unsubstantiated rumors and just sit back and wait for the inevitable, although not necessarily imminent, announcement."

[CNN Money]

UPDATE: TheStreet.com adds some to this little rumor, sourcing Briefing.com once again. They include the ever-conservative (albeit, correct) view from David Trout of M&A Researcher, who is quoted as saying, "we do not anticipate a decision tonight or in the immediate future."

321 Comments

LetsGoAlready | January 23, 2008 12:00 PM | Reply

I hope this is true. Enough is enough already. Approve the thing already and let these companies start moving towards being profitable so they don't both wind up in the tank.

And hopefully the new CEO Mel K will get rid of that radio show and their loser fans. We don't want that kind of trash that thinks its funny to beat and rape members of the White House.

Dave | January 23, 2008 12:02 PM | Reply

A homeless man has a radio show? who knew?

ArtieLange | January 23, 2008 12:21 PM | Reply

I'm a huge Stern and Sirius fan and get sick of O&A fans but I think it be great to have their show on Sirius and visa versa. I look forward to the competition!!

JonE | January 23, 2008 12:28 PM | Reply

Bullshit.

Tim wallick | January 23, 2008 12:31 PM | Reply

TV IS THAT YOU..?

Nathan | January 23, 2008 12:32 PM | Reply

A couple things:

1) Can we stop the "seetvprograms" spam?....please??

2) Why would the FCC & DoJ give approval at the same time? There's absolutely no reason they need to, so why? Have they ever in the past announced approval at the same time?

3) "Merger could receive approval tonight"...."or couldn't."

teeheejimmy | January 23, 2008 12:35 PM | Reply

did somebody just fart?

wake me when it's over.

thj

Anonymous | January 23, 2008 12:36 PM | Reply

just say NO!

The Squeaky Wheel | January 23, 2008 12:42 PM | Reply

Man, I hope the merger is denied.

Mel will remove all of the shows I like, add DJs on all music channells, start running a lor more commercials and nickle and dime us all.

Trust me, it is not like Mel is in this for the artists or the listeners. He is a money whore, and will do anything he can to make more.

Ugh, the merger will spell the end of choice. Yeah, yeah, a la carte... Nickle and dime.

Name ONE merger where the consumer benifits.

n2deep | January 23, 2008 12:43 PM | Reply

I guess anything is possible....I too would wonder about the announcement from both but it could be...this process IS somewhat orchestrated at times.

Would you look at that rally ...Wow! Up to $2.70....Well...gotta go put my teeth in.

Listen to SIRIUS Satellite Radio | January 23, 2008 12:45 PM | Reply

(Using my best "infomercial guy" voice)

Why yes SeeTVprograms.com! You are absolutely correct! I hope it goes through as well, but for now I will sit back and listen to SIRIUS Satellite Radio. the BEST radio on RADIO, on my computer!



...fucking spammers. Go eat a dick you faggot and stop spamming with your bullshit. It doesn't fucking work, so just stop.

Good luck longs! TEEHEEE!

0.0 t-cells | January 23, 2008 12:51 PM | Reply

"And hopefully the new CEO Mel K will get rid of that radio show and their loser fans."

I completely agree. Kick that fat ass bubba the love cunt off the air already.

godalmighty | January 23, 2008 1:10 PM | Reply

For the love of God, Why does EVERY SINGLE Orbitcast article turn degenerate into some kind of pissing contest between O&A and Stern fans ...
Enough already ... contrary to popular opinion, it IS POSSIBLE to enjoy both or neither on some level or another. Why does it HAVE to be one or the other and why begrudge someone else's opinion? It's a rationale that Stern was using for years on FM; if you don't like it, don't listen to it.

banff21 | January 23, 2008 1:11 PM | Reply

"Name ONE merger where the consumer benifits."

Cingular + AT&T Wireless

tvstockpix | January 23, 2008 1:21 PM | Reply

TIM.....no I am still using the same old stage name. Haven't changed in five years. Mr. Smart is on line. Talk with him on the land line. Think I will pick up some more XMSR and take advantage of the arb premium. If the announcement is announced, fast money. TV

Anonymous | January 23, 2008 1:43 PM | Reply

I'll just be happy when the funeral is over. I took delivery of a new Toyota week before last without pre-installed satellite radio. If/when merger is approved, I'll just pull my old Roady2 out and toss it At least I'll have a good place to plug my iPod in.

MikeO | January 23, 2008 1:45 PM | Reply

One merger where the consumer benifts?

How about the AFL-NFL merger! Seemed to work well for everyone on planet earth!! lol

MikeO | January 23, 2008 1:45 PM | Reply

One merger where the consumer benifts?

How about the AFL-NFL merger! Seemed to work well for everyone on planet earth!! lol

Stack Pointer | January 23, 2008 1:47 PM | Reply

>> One merger where the consumer benifts?

There are certainly mergers where the consumers has benefited.

Can anyone name a merger to an unregulated monopoly where the consumer benefited?

Huh | January 23, 2008 1:53 PM | Reply

I guess I'm confused with this whole watch TV idea/spam, or whatever it is. All the shows writers are on strike anyway, I don't get it. I have no interest in TV right now.

I would like this merger to go though already though. And while they are at it, please get rid of Dopie and AiNtFunny.

scott | January 23, 2008 2:20 PM | Reply

"we do not anticipate a decision tonight or in the immediate future."

There is a god

SatelliteRadioFan | January 23, 2008 2:30 PM | Reply

Enough is enough!

Give us an answer, not rumors!!!!! (I know it's not your fault Ryan).


/signed
---Zombies and Pests: Give it a Rest!--

Anonymous | January 23, 2008 2:36 PM | Reply

"Name ONE merger where the consumer benifits."

Cingular + AT&T Wireless
==========================================================
Wrong... how did this benifit any consumers?

Fact.. Cingular was a joint venture betweeen Bell South and AT&T anyway.


so... and to this date not one person has mentioned anyhting aout Exclusivity of any content. All content on XM and Sirius is limited to only one or the other sat caster... its not restricted from an internet broadcast... thats right.. Expensive NFL,NBA, MLB, STERN, NHL all can be broadcast on terestrial and internet. Just not via the "other" satellite radio company....

Anonymous | January 23, 2008 2:37 PM | Reply

tv, I think thats a good move currently

I dont expect the news today, maybe from the doj if any thing at all.

both may well drift lower yet...

Isaac, Rotterdam, Holland | January 23, 2008 2:37 PM | Reply

Another important factor is that the Official "FCC Items on Circulation"
dated 18 JAn 08 -- does not show XM/SIRI yet..

http://www.fcc.gov/fcc-bin/circ_items.cgi

However, since that list gets updated Friday's you might do well to
glimpse Fridaynight after officehours.

No circulation, no decision.


Robin Quivers | January 23, 2008 2:57 PM | Reply

I hope the merger goes through soon so I can cash out a few shares and set up Jimmy with a nicer place and a new car. I won't been seen in that Accord anymore!

rjr | January 23, 2008 3:00 PM | Reply

Honestly, this is simply torture. I am pro-merger, but honestly, I don't care anymore. I just want it to be decided so these companies can move on, one way or the other. Please, someone, anyone, make a decision!!

mflynnljustice | January 23, 2008 3:00 PM | Reply

Don't worry, mflynn will stop this merger from happening, but ljustice will save the day and stop mflynn from stopping the merger.

Matt | January 23, 2008 3:08 PM | Reply

Well, here we go again Will it or will it not happen. I agree with above post...seetvprograms is where it is at.

Ranger | January 23, 2008 3:19 PM | Reply

No more speculation! We want a decision!

Also, TV is trash. Nothing on worth watching.

dave | January 23, 2008 3:19 PM | Reply

i like turtles...

John | January 23, 2008 4:40 PM | Reply

Is it Night yet?

Anonymous Cowhand | January 23, 2008 4:50 PM | Reply

Argh!

I spent a lot of time considering what I thought of the merger happening or not. I came to the conclusion that it only benefits those with stock, NOT the consumer. An interoperable receiver, as required per the original license for both services - would benefit the consumer / public / me / you.

I have stock in XM and I'm more than happy to make money BUT if it happens we all know that both services with turn into the other and all the things any of us hate about one or the other will be in our faces big time.

With that said - why the hell hasn't some company like Apple or Time Warner swallowed one of the two? It is nice to have two options to choose from, much like Direct TV and Dish Network. That merger never happened - because the super satellite company could have been a monopoly provider. Key word - provider. If that's all available for SatTV, then it isn't fair or good for anyone but stockholders. Same goes for SatRadio.

gower2352 | January 23, 2008 5:12 PM | Reply

well it is a Wednesday

Joey BOOTS | January 23, 2008 5:13 PM | Reply

DONE DEAL BABY!!!

O AND A WILL BE GONE WITHIN WEEKS!!! THOSE NUT BAGS SUCKS BALLZ

OH I'M STILL LOOKING FOR HANDOUTS, IF YOU HAVE ANY MONEY PLEASE SEND IT TO ME, I NEED TO BUY MORE CRACK AND HOOKERS

LAPTOP GAMER | January 23, 2008 6:23 PM | Reply

LOL good one ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

LAPTOP GAMER | January 23, 2008 6:25 PM | Reply

But it's not April yet so why the April fools joke?

Anonymous | January 23, 2008 9:10 PM | Reply

I believe it... I believe it.. and... I still think there is a easter bunny... there is also a big red dude at Christmas time... what's his name?? and .. oh yeah... that one guy.. you know.. lives at the north pole... you know... drives a sleigh... has toys... comes in December.... the tooth fairy.. that's it.. you guessed it... thanks.. back to the toilet... did I spell that right???

Threader | January 23, 2008 9:50 PM | Reply

patience boys and girls. It'a not question of if anymore just when. This stock market slump has been a great opportunity to get in at bargain prices. Easy double your money.
I own both XM and SIRI. This rumor mongerers are just day trader tricks. I find them entertaining. I believe DOJ before or even better Valentines day to bless the joining and FCC on St .Patricks Day to celebrate. IMHO

Threader | January 23, 2008 9:51 PM | Reply

patience boys and girls. It'a not question of if anymore just when. This stock market slump has been a great opportunity to get in at bargain prices. Easy double your money.
I own both XM and SIRI. This rumor mongerers are just day trader tricks. I find them entertaining. I believe DOJ before or even better Valentines day to bless the joining and FCC on St .Patricks Day to celebrate. IMHO

therealdeal | January 23, 2008 10:29 PM | Reply

SUCK MY BALLS SIRIUS U FUCKIN CUM LICKIN NO GOOD HOWARD STERN OUT THE ASSHOLE BIIATTCHHH COMPANY!!!!

AND AGAIN. SUCK MY BALLS MEL SIRIUS!!!!! THIS MERGER WiLL BE FUCKIN DENIED OUT MY ASSOLE AND THEN THRoUGH MY MOM'S CLITORIS OR CUNT...THEN iT WiLL BE ROUTED TOWARD MY PENIS HOLE WHERE A NEEDLE WILL ENTER AND HURT THE MERGER'S CHANCES OF PASSING WHOREBAGS AND SLUTFUCKS!!! HAHAHAH SuCK MY BALLS MEL KARMZAFICKFIFUCKER....

IF IS HAPPENS I WILL SuCK MY & UR BALS ALL NGHT LONG BItCHES!

XM LIVES ON FOREVER CUNTS!

xmguy | January 23, 2008 10:40 PM | Reply

I just want all this crap to be done with.

LAPTOP GAMER | January 24, 2008 12:02 AM | Reply

Yawn

bGreyXX | January 24, 2008 12:55 AM | Reply

i don't understand why the O&A fans disprove of the merger. Why wouldn't a subscriber want more programing choices? i'm assuming that O&A are against the merger because they are afraid that they will lose fans to the King of all Media, Howard Stern. Stern's Sirius show is on fire, and way better than anything i've ever heard on radio. opie and anthony can be entertaining, but they still broadcast most of their show on testicle radio and can't hold a candle to Stern. That being said, I'm still interested in listening to O&A/Ron&Fez show replays from time to time. I'm a talk radio fan, and i think it's idiotic to deprive myself of the opportunity to enjoy a show because they are in a one sided war with my favorite broadcaster. That's another thing I think O&A fans don't get, Howard could care less about O&A. BTW "therealdeal" should stop embarrassing himself.

I have a brain and know how to use it, thank you. | January 24, 2008 7:11 PM | Reply

To add to this, the Stern fans want O & A off the air and will throw a party if it happens, but I've never read a single goddamn post here from an O & A fan saying they want Stern gone. It's just the principle of the thing. I don't like Howard so I don't listen to him, duh?

the bickering is pointless yet it continues because this is all people have to do.
and how the hell are all you people sure that Mell will fuck up the XM programming? Sure we're going to see some changes but unless some of you are time travelers and can come back and tell us how the murged company does things, I'm leaving my options open.

0.0 | January 24, 2008 7:24 PM | Reply

"To add to this, the Stern fans want O & A off the air and will throw a party if it happens, but I've never read a single goddamn post here from an O & A fan saying they want Stern gone. It's just the principle of the thing. I don't like Howard so I don't listen to him, duh?"

i think,just maybe think, us stern fans are worried because

"O&A always win in the end!!"


sorry beer just shot out my nose after reading my own post!

cheer up,North Dakota i'm sure is looking for a local wacky morning zoo show

0.0 | January 24, 2008 7:26 PM | Reply

"

SUCK MY BALLS SIRIUS U FUCKIN CUM LICKIN NO GOOD HOWARD STERN OUT THE ASSHOLE BIIATTCHHH COMPANY!!!!

AND AGAIN. SUCK MY BALLS MEL SIRIUS!!!!! THIS MERGER WiLL BE FUCKIN DENIED OUT MY ASSOLE AND THEN THRoUGH MY MOM'S CLITORIS OR CUNT...THEN iT WiLL BE ROUTED TOWARD MY PENIS HOLE WHERE A NEEDLE WILL ENTER AND HURT THE MERGER'S CHANCES OF PASSING WHOREBAGS AND SLUTFUCKS!!! HAHAHAH SuCK MY BALLS MEL KARMZAFICKFIFUCKER....

IF IS HAPPENS I WILL SuCK MY & UR BALS ALL NGHT LONG BItCHES!

XM LIVES ON FOREVER CUNTS!"

well,that will stop the merger for sure!!!!!!!!!!! "KARMZAFICKFIFUCKER."..the march of dimes is a great charity

Flap Jackson | March 24, 2008 6:43 PM | Reply

WTF? Ryan you're being spammed for god's sake!!!!

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