Sirius CEO Makes Plea to Senators

So how does a CEO placate a room of hostile senators? If you’re Karmazin, you start by suggesting that all of you are simply neighbors. You also remind them that your combined company creates a lot of jobs. “I should point out that XM has the largest digital radio facility of its kind in the country and is headquartered right here in Washington where the combined company will continue to have a significant presence,” he told the committee at the beginning of his testimony.

The CEO vows to not raise prices after a merger, but it’s hard to have that much confidence. However, I believe a merger could actually be a good thing, since both sets of customers would be able to listen to more content. It’s still a tough issue regardless.

Source: Ars Technica