Wall Street Comes Through For You
The trading floors were closed today, but that doesn't mean some big business news didn't come out. The long awaited merger of XM Radio and Sirius Radio was announced today in New York. The two companies are the two largest and best known satellite radio providers in the U.S.
Why should you care? The two companies have spent the last four years cutting up the rights to broadcast sports. XM has baseball and some college conferences. Sirius has the NFL and most SEC teams along with other colleges. So if you are a Braves fan and a Alabama fan, you need both services, each with a separate receiver and monthly charge. That's a real headache. Thankfully, the companies have purportedly solved that problem today. It's a real victory for all sports fans. Now you can drive anywhere without losing your team's broadcast network. Eli Gold in Wyoming! Jim Hawthorne in Minnesota!
The deal's not done, yet. It still has to clear some hurdles at the FCC and the Federal Trade Commission, who oversees the nation's anti-trust laws.
The only SEC team not to be on either service? It's the legendary Larry Munson and the Georgia Bulldogs.
Why should you care? The two companies have spent the last four years cutting up the rights to broadcast sports. XM has baseball and some college conferences. Sirius has the NFL and most SEC teams along with other colleges. So if you are a Braves fan and a Alabama fan, you need both services, each with a separate receiver and monthly charge. That's a real headache. Thankfully, the companies have purportedly solved that problem today. It's a real victory for all sports fans. Now you can drive anywhere without losing your team's broadcast network. Eli Gold in Wyoming! Jim Hawthorne in Minnesota!
The deal's not done, yet. It still has to clear some hurdles at the FCC and the Federal Trade Commission, who oversees the nation's anti-trust laws.
The only SEC team not to be on either service? It's the legendary Larry Munson and the Georgia Bulldogs.
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