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Tuesday, April 12, 2011

Canada's governing body signs off on the Sirius and XM Radio merger

CRTC The CRTC has given its approval for the merger of Canada's two satellite radio operators, paving the way for Canadian Satellite Radio Holdings, the parent company of XM Radio, and Sirius Radio to merge. The CRTC agreement includes a number of provisions, including a rate freeze to the undiscounted monthly service rate for subscription packages for existing customers prior to December 31, 2011 remain in place until August 31, 2012; provide more Aboriginal programming on at least one service; make available the same “best of” package of audio programming as is currently offered by Sirius XM in the U.S.; offer subscribers of either service the ability to subscribe to the content on the existing online media player of either company and create interoperable radios capable of receiving both the XM and Sirius services. The Canadian Satellite Radio Holdings will become the new owner of Sirius XM Canada. You can read the CRTC decision here.

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