Los Angeles - A group of over 500 Sirius XM Radio (NASD: SIRI) shareholders has filed a derivative lawsuit against the company's management, alleging violations of federal racketeering laws, as well as breach of fiduciary duty and the Sherman Act.

Washington - The head of Sirius Satellite Radio (NASD: SIRI) said on Wednesday that he is hopeful the Federal Communications Commission (FCC) will rule on his company's proposed $4.2 billion merger with XM Satellite Radio (NASD: XMSR) by the end of this month, Reuters reported.

New York - Sirius Satellite Radio (NASD: SIRI), whose proposed merger with rival XM (NASD: XMSR) is still being considered by the Justice Dept. and FCC, announced that it added 2.3 million net subscribers during 2007, and ended the year with a total of over 8.3 million subscribers.

New York - Sirius Satellite Radio (NASD: SIRI) announced on Tuesday that its shareholders today overwhelmingly voted to approve its previously announced $4.6 billion merger with rival XM Satellite Radio (NASD: XMSR). The proposed merger is still under review by the Federal Communications Commission (FCC) and the Justice Department, both of which last week sought additional information from the companies.

Washington - The CEO of Sirius Satellite Radio (NSDQ: SIRI) on Tuesday re-asserted his belief that his company will receive regulatory approval by year's end to complete its $4.7 billion merger with XM Satellite Radio (NSDQ: XMSR) , Barron's Online reported.

New York - Satellite radio firms Sirius and XM announced on Thursday that both companies will hold special shareholder meetings on Tuesday, Nov. 13 to vote on their proposed multi-billion dollar merger.

New York - Sirius Satellite Radio announced on Tuesday that it added 556,490 subscribers during the first quarter of 2007, and now counts a total of 6.6 million, up 61% from a year ago. "Sirius once again led the satellite radio segment in net subscriber additions marking the sixth straight quarter of leadership," said Sirius CEO Mel Karmazin. "At the same time, we increased revenue by 61% and reduced our net loss by 68% from last year's first quarter. We are very pleased with our strong operating results and we are on track to meet our 2007 guidance."

Washington - At a hearing on Capitol Hill on Tuesday, Sirius CEO Mel Karmazin reiterated that his company's proposed merger with XM Satellite Radio will result in lower prices and more options for customers.

Washington - The potential consumer impact of a proposed merger between XM Satellite Radio and rival Sirius is in need of "greater clarity," FCC Chairman Kevin Martin told The New York Times in an article on Wednesday.

Washington - In a hearing before the House Judiciary Committee's antitrust task force, Sirius Satellite Radio CEO Mel Karmazin on Wednesday told lawmakers that his company would be willing to cap -- and possibly lower -- subscription prices if regulators approve its $13 billion merger with XM Satellite Radio, according to published reports.

Washington - Despite assurances from senior executives, concern is growing among employees of XM Satellite Radio about possible job cuts -- and the role of the D.C. headquarters -- should the company's proposed $13 billion merger with New York-based rival Sirius Satellite Radio pass federal scrutiny, The Washington Post reported on Monday.

Washington - The House Judiciary Committee said that its newly formed Antitrust Task Force will hold a hearing next week to debate the proposed merger of XM Satellite Radio and rival Sirius.

Washington - Shares of XM Satellite Radio jumped more than 12% on Tuesday, despite fears from many analysts that the company's proposed $13 billion merger with rival Sirius Satellite Radio may not pass regulatory muster.

Washington - Share prices of the nation's two satellite radio firms -- XM and Sirius -- fell sharply on Wednesday, after FCC chairman Kevin Martin said that a potential blockbuster merger between the companies would be prohibited by FCC rules.

New York - Sirius Satellite Radio, a provider of digital radio programming with more than six million subscribers, has paid its on-air personality Howard Stern an $83 million stock bonus, which was tied to subscriber targets set when he signed a $500 million contract with the company in 2004.