quote[The vision of a robustly competitive satellite radio business came crashing to Earth on Monday, as the industry's once bitter rivals — Sirius (SIRI) and XM Satellite Radio (XMSR)— agreed to merge, creating a company valued at $13 billion, including $1.6 billion in debt.
Each of the two has created an array of radio channels, and they've amassed more than 13 million subscribers between them but never made a profit.]
I just don't see how this is good for anyone...
Wednesday, February 21, 2007
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