Sirius CEO Testifies Before Congress On Merger

Law360, New York (February 28, 2007, 12:00 AM EST) -- Continuing his efforts to get approval for a Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. union, Sirius CEO Mel Karmazin testified to Congress on Wednesday that the merger would not lead to less choice or higher costs.

In his written testimony, Karmazin pledged that customers would not lose anything from the merger, because satellite radio was still competing with everything from iPods to terrestrial radio.

“We operate in an intensely competitive environment that will continue to intensify post-merger—and continue to provide an inherent...
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