This email came today:
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February 20, 2007
Dear XM Radio Subscriber:
We want to share with you some exciting news: Yesterday, in Washington
DC, we announced XM Radio will be merging with Sirius Satellite Radio to
form the premier digital audio service.
The merger will create a satellite radio company that will provide
consumers across the country with more and better premium radio
programming. The combined company will be able to compete better in what
has become a very complex and dynamic entertainment market.
Where today our exclusive contracts mean you had to choose between
baseball and football or Oprah and Martha Stewart, the new company will
seek to ensure that in the future, you will be able to access both
companies' programming. And, once we are fully integrated, those of you
who have factory-installed satellite radio will no longer be limited to
the programming provided by the exclusive satellite radio service chosen
by their car manufacturer.
This merger should be completed in late 2007 or early in 2008.
Throughout the year, we will provide updates on how the merger is
progressing and information will be available at our website,
www.xmradio.com.
Between today and the merger date, as well as during the period
immediately after the merger date, all of your services will remain the
same. The channel lineup, the customer service number, the great music
technology, and the XM Radio web site will all remain unchanged and
there will be no disruption to service. But, if you have questions,
information will be available and maintained on our website, and you can
contact our Listener Care team at 800-XMRADIO, with questions and
concerns.
XM Radio continues to be committed to providing you the highest quality
audio entertainment and customer service available today. After the
merger, our new company will be able to offer you the most exciting
listening experience in radio.
Sincerely,
Hugh Panero
CEO, XM Satellite Radio
