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Satellite radio in limbo


February 27, 2008 Mel Karmazin, the charismatic CEO of Sirius Satellite Radio, has more than just a stalled merger on his mind. Add to that the billions more Sirius spent on rights to the NFL, NBA, NASCAR and other content, not to mention the building and launching of expensive satellites, and its easy to see why Sirius wants so desperately to merge with XM Satellite Radio, though regulators have yet to approve that plan. Karmazin also said that confusion about the merger among consumers is having a negative impact on retail sales, though Sirius posted better-than-expected quarterly results Tuesday.

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