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Wasting no time once the FCC approved the merger, XM and Sirius Satellite Radio have completed the deal, which had been pending since March, 2007.
The new company will be called Sirius XM Radio Inc., according to The New York Times.
In a statement, the company said it expects cost savings of about $400 million in 2009, and that it will achieve positive cash flow, before satellite capital expenditures.
Sirius XM Radio Inc., which now has 18.5 million subscribers, says subscribers may keep their current service package, but may also choose from new programming packages that offer selections from both services, writes Bloomberg. The company also reconfirmed that existing radios will continue to work.
CBS Radio and Yahoo, two of the largest online radio providers, are combining their online radio stations, beginning early next year.
CBS Radio’s 150 stations and LaunchCast’s 150 online stations will be integrated into Yahoo’s music site, powered by CBS…
Cox Enterprises, Inc. announced today that the company is bringing together its three media units - Cox Newspapers, Cox Television and Cox Radio - under a new organization named Cox Media Group, Inc., effective January 2009. The subsidiary will be headquartered…
Target is one of the first brands to create an iPhone application. The Target “gift globe” allows iPhone users to shake their phones to launch a snow-fall effect.
When the snow clears, a gift idea from Target is revealed. Users…
ABC is set to launch a slew of new series in a midseason shuffle. Primetime: What Would You Do? returns Tuesday, Jan. 9, in the 10pm time slot. The show is a hidden camera experiment in which actors stage scenarios…
Only 28% of the audience of an average news program, website or magazine gets valuable information about products and services advertised there, making news venues less effective at conveying ad messages than all forms of media combined (see chart), according…
Effective immediately, any telemarketing call that delivers a prerecorded message must include a quick and easy way to opt-out of receiving future calls. The opt-out must work both for consumers who answer these calls in person and for those whose…
