Mr. Karmazin Goes To Washington.(Mel Karmazin, Sirius Satellite Radio)(Brief article)
Multichannel News, March, 2007
By Staff Oppenheimer & Co. media analyst Tom Eagan maintained his "buy" rating on XM Satellite Radio and Sirius Satellite Radio, citing in a research report that he believes the proposed $13 billion merger between the two will pass regulatory scrutiny. Eagan's report came a day after Sirius CEO Mel Karmazin -- who would maintain that role after the merger is completed -- testified March 7 before the House Energy and Commerce Committee's Subcommittee on Telecommunications and the Internet.
In that testimony, Karmazin clarified that existing subscribers to both XM and Sirius would not experience rate increases for the services they already buy. For additional services, the cost would be less than the combined monthly charge for both services. ...
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