The New York Post is reporting that satellite radio operators Sirius and XM are expected to announce a merger today. The two sides were locked in negotiations over the weekend trying to hammer out a final agreement with an eye toward going public with the merger today in Washington, D.C., where XM is based, this [...]

At the UBS and Credit Suisse media meetings in New York this week, with only two players in the fledgling satellite radio market, merger speculation follows rivals XM and Sirius. XM Satellite Radio Chairman Gary Parsons said that he considers the satellite radio market to still be new enough that two major players can coexist [...]

Satellite radio operators XM and Sirius face a 20 percent decline in fourth-quarter retail sales that is likely to put pressure on their respective stock prices, according to a Bank of America investment note. On Monday, their stocks started declined in reaction to the note, shedding most of the gains notched in November following third-quarter [...]

Losses are growing at the two leaders in satellite radio, XM and Sirius. Sirius lost $237.8 million for the period compared with a loss of $177.6 million during second quarter of 2005. XM Satellite Radio on July 27 reported a second-quarter loss of $231.7 million, up from losses of $148.8 million a year ago. One [...]

US satellite radio firm XM is being sued by the major record labels over the Inno, a device that lets users record satellite radio broadcasts to be listened to at a later time. According to the Recording Industry Association of America (RIAA), the Inno, which stores music and divides it into tracks, infringes copyright. The [...]