Satellite Radio Companies are Finally Getting Sirius
From The Average Joe Investor The AP reported today that XM Satellite Radio (Nasdaq: XMSR) and Sirius Satellite Radio (Nasdaq: SIRI) are going to merge. This comes after a lot of speculation, heckling from Cramer, and denials from both companies.…
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From The Average Joe Investor
The AP reported today that XM Satellite Radio (Nasdaq: XMSR) and Sirius Satellite Radio (Nasdaq: SIRI) are going to merge. This comes after a lot of speculation, heckling from Cramer, and denials from both companies. The merger is probably the best thing to happen to satellite radio since, well, satellites. The worst part about the business has been the cutthroat competition between XM and Sirius that has absolutely bled both companies. The merger doesn’t guarantee success, but it does give this pay-for-play radio a fighting chance against alternatives like free radio and free Podcasts.
Get ready for fireworks.
-AvgJoe
http://www.theaveragejoeinvestor.com/
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