XM and Sirius Satellite Merge

Its been rumored for a while, but as it was announced officially yesterday, satellite radio listeners just got a whole boat-load of value to their purchase.

Variety has the details on the $14 billion merger:
Proposed merger is an acknowledgment that the satcasters don't compete against each other so much as they do against terrestrial radio, iPods, cell phones, HD Radio, Internet radio and any number of other entertainment services that have burgeoned since the first satellite radio licenses were granted a decade ago.
So soon, satellite radio listeners will be able to turn on their units and hear double what they currently have.

Its a big move for the two companies and my guess is that there will be a huge increase in listeners.

Stay tuned.

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