EchoStar to buy Sirius/XM???

[javasaurus]

Sirius/XM stock has skyrocketed today (skyrocket is a relative term here, it's still trading at less than 20 cents per share) on news that EchoStar has been buying up chunks of Sirius/XM's debt. There is speculation in the news that EchoStar may leverage the debt into a takeover bid.

I have to wonder what this will mean to people who have DirecTV. Why? DirecTV includes lots of XM stations. EchoStar owns Dish TV, DirecTV's main competition. See the potential problem?

And I have to wonder how a satellite TV provider will handle satellite radio -- is this a match made in heaven, or a disaster? Will it prompt DirecTV to develop its own satellite radio stations, restarting the entertainment war that led to the merger of Sirius and XM with all of their combined debt?

Comments

[dawntreader]

so maybe "did a jumping jack" instead of "skyrocket" should be the new metaphor.

[javasaurus.livejournal.com]

LOL! That pretty much describes the market these days.