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Sirius XM Extends Losses; Stock Now Under a Buck

Sirius XM (SIRI) shares are down sharply again this morning, one day after the company provided updated guidance that disappointed the Street. The company’s new guidance, in case you missed it: Subscribers: 19.5 million at year-end 2008, 21.5 million at year-end 2009.

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Here's An Idea: Stream Sirius Radio on Your iPhone

You know what would be cool? If you could stream Sirius (SIRI) or XM satellite radio on your Apple (AAPL) iPhone. As it happens, Citigroup’s Tony Wible this morning writes in a research note that there are “reports” of a new Internet streaming application that would allow SIRI users to listen on portable devices.

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Sirius Completes XM Merger; Shares off 42 Percent in 4 Days

Sirius (SIRI) and XM (XMSR) this morning completed their merger, at long last. Terms of the deal called for XM holders to get 4.6 SIRI shares for each share of XMSR. But are investors are celebrating? No, they are not.

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Satellite Radio: FCC OKs Merger; Sirius Q2 Revs in Line; XM in $550 Million Note Deal; Sirius Sets Stock Offer

As you know by now, the FCC on Friday at long last approved the pending merger of XM Satellite Radio (XMSR) and Sirius Satellite Radio (SIRI). That should clear the way for the completion of the merger.

Fear and Dozing at f8

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XM, Sirius: Settling Enforcement Issues; FCC OK Nears

In what could be one of the final steps before the Federal Communications Commission approves their pending merger, XM Satellite Radio (XMSR) and Sirius Satellite Radio (SIRI) announced this morning that they are in talks with the FCC’s Enforcement Bureau to settle outstanding “enforcement matters.”

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Satellite Radio: FCC's Adelstein Votes No; All Up to Tate

Federal Communications Commission member Jonathan Adelstein has voted to oppose the proposed merger of XM Satellite Radio (XMSR) and Sirius Satellite Radio (SIRI), leaving the current tally tied at 2-2, with only Deborah Taylor Tate yet to decide. If she votes yes, the deal goes through. If she votes no, the deal dies.

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XM Offers $400M Senior Notes in Pre-Merger Financing

The great satellite radio merger inches ever closer. This morning, XM Satellite Radio (XMSR) announced a $400 million offering of senior notes, which it said is “part of a series of transaction to refinance certain debt” in connection with its pending merger with Sirius Satellite Radio (SIRI).

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Sirius: Merrill Ups Rating; Sees "Imminent" Merger OK

Merrill Lynch’s Glen Campbell this morning raised his rating on Sirius Satellite Radio (SIRI) to Buy from Hold, while slightly trimming his price target to $2.70 from $2.80. Campbell says he expects “imminent approval” from the FCC for its pending merger with XM Satellite Radio (XMSR).

Unholy Stern/Winfrey Union Wins Justice Dept. Approval

The U.S. Justice Department has managed the impossible. It’s brought Howard Stern and Oprah Winfrey together under a single aegis. This morning the DOJ approved the merger of satellite radio companies Sirius Satellite Radio (SIRI) (home to Stern) and XM Satellite Radio (XMSR) (home to Winfrey), a move that will create a satellite radio company [...]