Proposed Merger of Digital Satellite Radio Providers
Hearing are being held on the proposed merger of digital satellite radio providers Sirius and XM, and the audiocast of these hearings will be made available online, as a live audio feed, beginning Monday, March 7. the Canadian Radio-Television and Telecommunications Commission (CRTC) will hold hearings in Gatineau, Quebec where they will review the merger application from Sirius and XM that will change their effective control as part of the merger transaction.
A corresponding merger took place between the US operations over two years ago. The audio feed will be available on the CRTC website. The merger has already been approved by shareholders of both companies via shareholder vote, and the companies' goal with the merger is to create a leading Canadian media company and nationwide audio entertainment provider that will enhance the long-term success of satellite radio in Canada.