It will be “business as usual” for Sirius and the CBC’s Sirius channels, according to CBC veep Michel Tremblay.
His full statement, issued a few minutes ago:
SIRIUS Satellite Radio Inc. and XM Satellite Radio Inc. today announced a $13-billion merger of equals in the United States, which has been the subject of much speculation in recent months. This proposed merger has raised questions with respect to its effect on SIRIUS Canada’s operation.
Clearly, the proposed transaction is of interest to SIRIUS Canada and its owners, including CBC/Radio-Canada. SIRIUS Canada and its owners will be reviewing the progress of the proposed transaction and closely monitoring developments. However, based on the information that has been released today, SIRIUS Canada and CBC/Radio-Canada believe it will be business as usual for SIRIUS Canada’s Canadian operations.
Although SIRIUS Satellite Radio Inc. does have an ownership interest in SIRIUS Canada, they are two separate and distinct companies. SIRIUS Canada is Canadian-controlled: CBC/Radio-Canada and Standard Radio each hold 40 per cent of the voting shares of the company.
And as an aside, why do p.r. people keep putting corporate or show names in all-caps? Sirius is not an acronym nor an initialism, thus it shouldn’t be all caps. Same with LITTLE MOSQUE ON THE PRAIRIE (seriously, that’s how they write it in CBC news releases). Can someone from CBC Corporate Communications enlighten me?
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