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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