Entries Tagged 'Sirius Satellite News' ↓

SoundExchange today expressed mixed reaction to the royalty rates announced by the Copyright Royalty Board (CRB) to be paid by satellite radio operators, XM and Sirius, to the artists and record labels whose music is the core of the satellite radio business.

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NEW YORK — Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. had their biggest gains in more than a year in Nasdaq trading after Bear Stearns Cos. said antitrust regulators may approve their merger soon.

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NEW YORK — It’s the season to be wary for the friendly rivals in satellite radio, Sirius and XM. They have to worry whether the softening economy will hurt new-car sales — the largest generator of new satellite radio subscribers.

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Shareholders approved a deal to allow Sirius Satellite Radio to acquire its rival XM Satellite Radio Holdings for about $5 billion, but the largest hurdle has yet to come, regulatory approval in Washington, an Associated Press report said.

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