News Flash: A Sirius/XM Merger?

[Gregg Lengling]

Executives from Sirius and XM Satellite Radio have been meeting lately to discuss the possibility of a merger, the New York Post reported today, citing sources close to the matter.

During a conference call with analysts this morning, Sirius CEO Mel Karmazin gave the company line that he could not specifically comment on rumors or speculation. But Karmazin did add that he has only been on the job for eight weeks, and due to the short period of time he has been with Sirius he hasn't yet met with the chairman or CEO of the competing company "mentioned in the article."

The Post said the talks have not advanced far, and executives have not yet discussed price. They also have been weighing any potential antitrust concerns that would arise from a deal, the paper said. And any deal could be a year away, the Post said.

Talks could also develop into how the companies could share technology.