XM-Sirius merger not replicated in Canada
U.S. deal 'has no immediate impact,' Mark Redmond saysTORONTO -- A U.S. satellite radio merger between XM Satellite Radio and Sirius Satellite Radio hasn't got their Canadian licensees talking their own potential merger, at least yet.
"The U.S. merger has no immediate impact on our business and Sirius Canada's more than 750,000 subscribers will continue to receive an unparalleled slate of programming," Mark Redmond, president and CEO of Sirius Canada, said Tuesday.
And Michael Moskowitz, president and CEO of XM Canada, said his company will review all its options in the wake of the FCC approval of the U.S. satellite radio merger, which includes going it alone.
Because both XM Canada and Sirius Canada feature mostly content from their U.S. output partners, merger talks between the two Canadian licensees is seen as virtually inevitable.
But any satellite radio consolidation north of the border must be approved by the Canadian Radio-telecommunications Commission, which tightly regulates the industry.