Accessing this information requires a subscription to

Sat radio rivals unveil merger agreement

February 20, 2007 Sirius Satellite Radio and XM Satellite Radio said Monday that they will merge to create a $13 billion entity, a scenario that would all but end an expensive bidding war for talent that the two have been waging but also will invite extensive scrutiny from lawmakers and over-the-airwaves radio broadcasters. Laws prohibiting the two to combine have been in place since each were granted licenses about a decade ago, in effect creating a government-mandated duopoly because regulators had no intention of allowing other sat-radio operators to spring up in the U.S. Nevertheless, laws can be tweaked to grant permission for the two money-losing companies to merge, and that has competitors nervous. Dennis Wharton, an executive vp with the National Association of Broadcasters, which represents traditional radio, said he'd be "shocked if federal regulators permitted a merger of XM and Sirius."

Subscribe to the Hollywood Reporter and see the entertainment industry from its best angle: the inside looking out. Complete access to real-time news and exclusive analysis that goes behind the scenes from film to television, home video to digital media.

   Subscribe now.

If you're a subscriber log in here

You must be using a "cookie enabled" browser in order to access the members-only areas. If you have disabled cookie use in your browser, you must enable it before entering your authentication info. For more info click here.

Current Print Subscriber?
Click Here to upgrade your subscription to include online access.

Have a Question?
If you have any questions, please call our Customer Service department at (888) 900-3782 or (323) 525-2113, or email