http://blog.wired.com/music/2008/02/sirius-and-xm-c.html Sirius And XM Closer To Merging, Say Analysts By Eliot Van Buskirk February 15, 2008 | 12:37:42 PMCategories: Digital Music News Subscribers to XM and Sirius satellite radio are another step closer to being able to listen to the same programming, with lots of analysts reporting that the Department of Justice will not block the merger between the only two satellite radio companies in the country. XM and Sirius claim that by joining, they'll be able to compete better with internet- and terrestrial radio-based services. Goldman Sachs analyst Mark Wienkes "said [Sirius's] stock, and that of XM Satellite Radio Holdings Inc., may likely rise as it appears unlikely the Department of Justice will block the hookup of the two companies," according to the Associated Press. But even with the merger, he said, satellite radio faces an uncertain future: "Longer term, merged or unmerged, our outlook for satellite radio is cautious given our view of unrealistic cash flow expectations,and hence valuation risk." Meanwhile, Stanford Group analyst Paul Gallant wrote, "We believe the Department of Justice (DOJ) is near a ruling on the XM-Sirius merger, and we reiterate our belief that it is likely to win regulatory approval." "As for timing, DOJ’s ruling could come any day now. Shortly after DOJ rules, we expect FCC Chairman Martin to recommend to his fellow commissioners the same outcome reached by DOJ." . . .