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Subscribers' Options to Change With Merger
Sirius subscribers will still have their Howard Stern.
(By Ramin Talaie -- Bloomberg News)
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Sirius is headquartered in New York and XM is here in Washington. What will happen to the XM headquarters at New York and Florida avenues?
XM expects to continue operating out of its headquarters, which it owns.
What will happen to XM employees? Will there be layoffs?
Possibly. All mergers seek to create efficiencies by combining duplicative jobs. However, in their filings, the companies say they anticipate headcount reduction through attrition and the elimination of "overlapping" functions.
What will the merged company be called?
No new name has been proposed. Both XM and Sirius have built up substantial brand equity with their subscribers, who tend to think of themselves as "XM people" or "Sirius people."
Former XM chief executive Hugh Panero built a chair in XM's command center modeled after Captain Kirk's on the starship Enterprise. It's where he sat and pushed the button that switched on XM in September 2001. What will happen to the chair?
XM has no plans to change its facility.
