RAIN: Radio And Internet Newsletter

February 19, 2007

Daily news and commentary on the key issues involving radio and the Internet

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Headline: "Sirius, XM Radio expected to announce merger plan today"
From the NY Post: "Satellite radio operators Sirius and XM are expected to announce their long-awaited merger today, according to a source familiar with the deal.

"The two sides were locked in negotiations over the weekend trying to hammer out a final agreement with an eye toward going public with the merger today in Washington, D.C...

"According to the source, XM Chairman Gary gary parsons Parsons (pictured) will retain that title in the combined entity, with Karmazin likely taking the CEO role. It is unclear what role, if any, XM CEO Hugh Panero will play.

"Combining Sirius and XM would result in a single satellite radio operator with more than 12 million total subscribers...

"More important, analysts widely predict that a deal would also save the two companies nearly $7 billion annually.

"Karmazin and Parsons have been dropping hints since last summer about a possible tie-up, believing that competition from terrestrial radio, online radio and mobile music devices such as iPods have not only expanded the marketplace but also lowered the regulatory hurdles to a deal."

Read the entire article at the NY Post.

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February 17-20	National Religious Broadcasters Convention: Orlando, FL
February 20-23	IMA Public Radio and TV Internet Conference: Boston, MA.
February 27-28	Digital Music Forum East: New York, NY
March 9-11	IBS Radio, Webcasting Conference: New York, NY
April 14-19	NAB 2007: Las Vegas, NV
September 26-27	NAB Radio Show: Charlotte, NC
November 4-6	NAB European Radio Conference: Barcelona, Spain

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