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On February 19, 2007, Sirius announced a merger deal with competitor XM Satellite Radio. [27] If the pending merger received government approval, which was required because of antitrust considerations, it would combine the two services into a single satellite radio network in the United States and would be named Sirius/XM Radio.
Satellite radio uses the 2.3 GHz S band in North America for nationwide digital radio broadcasting. [6] MobaHO! operated at 2.6 GHz. In other parts of the world, satellite radio uses part of the 1.4 GHz L band allocated for DAB. [7] Satellite radio subscribers purchase a receiver and pay a monthly subscription fee to listen to programming.
On July 29, 2008, XM and former competitor Sirius Satellite Radio formally completed their merger, following U.S. Federal Communications Commission (FCC) approval, forming Sirius XM Radio, Inc. with XM Satellite Radio, Inc. as its subsidiary. [1] On November 12, 2008, Sirius and XM began broadcasting with their new, combined channel lineups. [2]
Sirius XM's total interest expense was $416 million over the last 12 months, or a large chunk of its $2 billion in operating earnings. If revenue keeps falling, profits will keep falling. But the ...
Digital audio radio service (DARS) is any type of digital radio program service. In the United States it is the official FCC term for digital radio services. The most popular type of DARS in the U.S. and Canada is SDARS (Satellite Digital Audio Radio Service), used by Sirius Satellite Radio and XM Satellite Radio. XM and Sirius both operate in ...
Sirius XM Holdings (NASDAQ: SIRI), the operator of the country's only satellite radio company, provided a disappointing update on its financial performance on Tuesday. It also named a new chief ...
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