Fresh Details on Sirius-XM Merger
Sirius CEO Mel Karmazin joined the cast of “The Howard Stern Show” this morning to share with the shock-jock’s audience his reasons for the merger with XM and how it will be “good for subscribers.”
First of all, he eschewed the suggestion that the combined company would be a monopoly, thus allowing it to raise prices. “We still compete with terrestrial radio,” he said, reiterating the fact that his biggest competition offers its service for free. In addition, he mentioned Apple’s iPod as a competitor to satellite radio.
He even said that, if it would assure the passage of the merger through the appropriate regulatory commissions, he would make promises concerning subscription prices.