Sirius & XM to Merge From two to one... (old news - 06:02PM Monday Feb 19 2007)
Sirius and XM Radio today officially announced their $13 billion merger plans. Mel Karmazin, CEO of SIRIUS, will become CEO of the new combined company while Gary Parsons, currently Chairman of XM, will become Chairman. The NY Post broke the news this morning; also see Associated Press, Reuters and more...