XM Satellite Radio CEO Hugh Panero told analysts today that XM remains positive in their outlook for a merger with Sirius. “We continue to believe we will ultimately receive the necessary approval to continue with the merger,” Panero said.
Indeed, in response to the swarm of negativity coming from analysts about the merger passing regulatory muster, a spokesman for XM said after today’s conference call that other analysts are more positive.
He cited a report last week from the Washington Telecom, Media & Tech Insider, which retains former FCC chief of staff Blair Levin as an analyst. The report gave the merger better than a 50 percent chance of receiving federal approval.
The positive outlook from XM doesn't just come from the top. Internal sources tell me that the majority of people at XM feel the merger will go through. Something that Sam Litzinger from Washington Post Radio apparently has heard as well.
It's good to see XM keeping a chin-up even in the face of negativity. But there's still a business to run, and as Hugh Panero said at the earnings call this morning, "we continue to operate XM as very much a stand-alone company."
[TWICE]
Thanks MUSCLE13!
This thing has gone back and forth and will continue to for some time it seems. Guess we all have to take a wait and see approach.
bla bla blaaaaaaa... it aint gonna happen. NAB exposed was the entire reason for anouncing the merger knowing it will not be approved.
XM managment and Sirius managment both must maintain the outwar aperance that its still gonna happen to complete the illusion.
I sure hope it does go through! Thanks XM for reassuring me!
well they have been exposed as being corrupt. Bottom line is what they say goes...Who can stop them? They will just use one of the bs excuses they have been using and no one can do anything.
Thats why they are their...to make sure nothing ever changes...
Whatever XM thinks/says do the opposite. George was right.