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What I want to know is what effect this will have on the lower priced Sirius (SIRI) shares when it merges with the higher priced XM shares. There's a big difference between the two in terms of market cap. I'm wondering if a $3K invest could become a $6K investment in the next 12 months.
anyhoo, this is GREAT news for Stern. He will basically own the morning and evening drive time slots in America on Satellite radio. Too bad the show is really not so good anymore seems like ever since he left FM radio the media houses make fewer and fewr A-list celebreties available to him. I guess you could see that coming, Sirius and XM are taking a big chunk out of FM radio.
Lately I have been listening to Bubba the Love Spong, CNBC and the NASCAR channel wich have great unintentional comedy on its call in shows. Some of these guys are right out deliverance.
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