[Richard King]

http://www.reuters.com/article/mark...20080721?feedType=nl&feedName=usbeforethebell

XM Satellite Radio Holdings Inc (XMSR.O: Quote, Profile, Research, Stock Buzz) said on Monday that it had added 322,000 new net subscribers in the second quarter and now has about 9.7 million.

The total represents a 17 percent increase in subscribers since the end of the second quarter of 2007, said XM, which is in the process of being acquired by rival broadcaster Sirius Satellite Radio (SIRI.O: Quote, Profile, Research, Stock Buzz).

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[Dolly]

http://www.reuters.com/article/mark...20080721?feedType=nl&feedName=usbeforethebell
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I will be the first to admit I know nothing about business mergers of any kind. So I really don't understand why the company that had the most customers from what I have read was bought by the other company And also from what I have read that I can understand both companies are close to drowning in red ink. So now we just have one company, but isn't all that red ink still there?

 

[Jin So]

sorta like how Kmart bought Sears,

 

[Dolly]

sorta like how Kmart bought Sears,

As I recall K-Mart had been having some money problems, but when it came to just size I believe they had a lot more stores than Sears. But I could be mistaken about that. In fact knowing me and business news I probably am mistaken :lol: