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NEW YORK (AP) - Satellite radio customers will get the option to pay a lower price for just the channels they want if the industry's two big providers are allowed to merge, Sirius Satellite Radio Inc. said Wednesday in a securities filing of its bid to buy XM Satellite Radio Holdings Inc.
The statement comes as Sirius with XM seek to assuage regulatory concerns that their deal, to be paid for with stock valued at $4.7 billion when it was announced Feb. 19, will create a monopoly that would harm consumers.
The Sirius filing said the deal would generate cost savings from efficiencies that could allow the company to offer "a la carte" programming at a price below the current $12.95 per month subscription fee.
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