Satellite Radio Merger

Mel Karmazin, CEO of Sirius Satellite Radio, talked about his company's proposed merger with XM Satellite Radio. Karmazin would become CEO of the combined company if the merger was successful. The merger faced significant hurdles. There were concerns that it would be anti-competitive and broadcasters and some consumer groups are lining up against it. He also talked about the future of telecommunications and answered questions from the audience.