http://www.washingtonpost.com/wp-dyn/content/article/2008/05/25/AR2008052501702.html
>>XM Radio's search for financing comes in the midst of a tight credit environment as well as its efforts to merge with Sirius. The Justice Department cleared the marriage in March, and the deal awaits final regulatory approval by the Federal Communications Commission. After a long-delayed review of the merger, which was announced in February 2007, FCC Chairman Kevin J. Martin said the commission may reach an agreement by the end of June.
Under their merger agreement, XM and Sirius are restricted in their ability to incur additional debt financing beyond existing credit lines and are limited in the amount of new equity they can issue without first getting each other's approval.
That sounds
As much as I love XM, and baseball on XM - it doesn’t seem to me that this is a business model that is viable.
I’ll miss it when it finally does fold.
They spent too much on Oprah.
I heard this morning on the radio that the MLB was sending out cease and dessit orders to liitle leaguers using MLB team names such as Red Socks, Giants, Cardinals, etc.
MLB can go out of business.