This excerpt taken from the SIRI 8-K filed Mar 21, 2007.
The merger of Sirius and XM will generate substantial, merger-specific,22 public interest benefits. The synergies resulting from the merger will allow the combined company to provide consumers lower prices and more programming choices. Subscribers will be able to continue to use their existing radios and eventually purchase new radios capable of receiving all of the
20 See, e.g., Adelphia Order, 21 FCC Rcd at 8217-8 (¶ 23); AT&T-Comcast Order, 17 FCC Rcd at 23,255 (¶ 26).
21 This section is responsive to Question A.21 on Schedule A of FCC Form 312.
22 See, e.g., Adelphia Order, 21 FCC Rcd at 8307-08 (¶ 244); Applications of Midwest Wireless Holdings, L.L.C. and ALLTEL Commcns, Inc., Memorandum Opinion and Order, 21 FCC Rcd 11,526, 11,564 (¶ 105) (2006); SBC Commcns Inc. and AT&T Corp. Applications for Approval of Transfer of Control, Memorandum Opinion and Order, 20 FCC Rcd 18,290, 18,384 (¶ 182) (2005); Verizon-MCI Order, 20 FCC Rcd at 18,530 (¶ 193); GM-News Corp. Order, 19 FCC Rcd at 610-11 (¶ 317).
content of both services. These synergies and the resulting cost-savings will both benefit consumers and preserve the future viability of satellite radio.
A. A Combined Sirius-XM Will Offer Consumers More Choice at Lower Prices