Mel Karmazin (1 Viewer)

[Brent T]

Well Mel Karmazin was on Howard this am and he answered a few questions

#1 - Each companies hardware will still be used after the merger. The exclusive content will be available on each set of hardware as well. So XM'ers can get Stern, NFL etc and Sirius users will get MLB and Oprah

#2 - There was no mention of Opie & Anthony and their contract

#3 - There will not be a price increase and there is a chance subscription prices will go down. However he hinted that this will only happen if they use an ala carte system where the user gets to pick and choose their programming.

#4 - There will no longer be any music channels with commercials. There was no mention on which music channels will make it and which will not.

 

[Jeff Gatie]

#2 - There was an offhand mention by Robin about "other people" on XM who also broadcast on Free FM and Mel said he strongly believes exclusive in content and has been this way since he joined Sirius, but he would honor the contracts that he has to.

 

[Karynak]

What troubles me is that even though he did say that any subscription agreement entered into at the present will be honored after the merger, it does not (to some degree) answer my question: What happens to those of us that purchased a lifetime subscription a year or two ago?

 

[Brent T]

They are going to honor those as well. It was asked during the show and he said they will honor all current subscriptions. Not sure how that doesnt cover your question though.

 

[Karynak]

I must have taken it differently, but He said " Any current subscription that is entered into will be honored" The lifetime is not offered any more. I just wanted someone to come out and say that the lifetime subscription will be honored. I called SIRIUS customer service and they said that monthly subscriptions will be honored but there was no mention of the lifetime. Hopefully his statement covers that but I wanted a more cut and dry answer.

 

[TPhillips44]

OK. A merger sounds great. Now just make the stock (SIRI) go up again Mel!