Facts and figures in the proposed satellite radio provider merge

Published: Tuesday, Feb. 20 2007 12:10 a.m. MST

XM SATELLITE RADIO HOLDINGS INC.

• Headquarters: Washington, D.C.

• Year-end subscriber count: 7.63 million

• Executives: Chairman Gary Parsons will keep that role in newly combined company; CEO Hugh Panero will depart.

SIRIUS SATELLITE RADIO INC.

• Headquarters: New York

• Year-end subscriber count: Over 6 million.

• Executives: CEO Mel Karmazin will lead the new company.

NEW COMPANY

• Headquarters and name of new company are both undecided.

• Combined 2006 revenues: About $1.5 billion.

• Board of Directors: Will be made up of 12 people — Parsons, Karmazin, four independent directors to be named by each company, and one director each will be named by General Motors Corp. and Honda Motor Co.

• Ownership: Shareholders of Sirius and XM will each own about 50 percent of the new company.

WHAT'S NEXT: The deal must be approved by the Federal Communications Commission, which currently has a provision barring the two companies from merging. However, that rule could be change. Antitrust approval is also necessary.

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