Sirius, XM to offer reduced price plan after deal
Wednesday, March 21st, 2007
Sirius Satellite Radio said today that after its proposed acquisition of XM Satellite Radio, the services expected to offer a lower-priced package consisting of fewer channels. Sirius said that it and XM would provide programming choices on a “more a la carte basis,” including tiers of service both higher and lower than the $12.95 per month they each currently charge.
“After the merger, customers may elect to receive fewer channels at a monthly price lower than $12.95; substantially similar programming at the existing $12.95 price; or more channels … at a modest premium to the cost of one service, and considerably less than the cost of subscribing to both services,” Sirius said in a federal filing.
The price of the services, which offer nationwide music, talk, news and sports channels, has been a much argued topic during US regulatory hearings over the proposed deal.
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