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The termination date for the merger deal between XM and Sirius Satellite Radio is Saturday. Mel Karmazin, CEO of Sirius, has said that he expects the boards of the two companies to meet to extend the deadline.
The companies need approval from the Department of Justice and the FCC, and are waiting by the telephone, Karmazin says (via the Hollywood Reporter).
Karmazin claims the confusion surrounding the merger has hurt retail sales, despite the fact that Sirius posted better-than-expected quarterly results yesterday (Tuesday). Revenue rose about 30 percent to $250 billion. Income was up from a loss of $246 million in the same quarter a year ago to a loss of $166 million in this quarter. The company currently has 8.3 million subscribers.
Motley Fool senior analyst Rick Munarriz believes that, without a merger, one of the two satellite radio companies won’t survive.
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Editors at Hachette’s digital operation will do well to have their digital skill sets firmly behind them. The company has reportedly chopped 15 editorial jobs from a staff of about 100 in its digital operation; those positions will eventually be…
Most CMOs with more than 10 years of experience describe themselves as “extremely loyal” to specific brands, according to a survey of marketing officers at Fortune 100 companies conducted by LoyalTV.com, a video sharing website.
92 percent of CMOs with…
