In October 2008, after months of delays that involved strict scrutiny from the FCC, XM Satellite Radio and Sirius Satellite Radio formally merged. Layoffs followed; media reports just three months later were questioning the continued financial viability of even the combined operation.
Today, Sirius XM is doing just fine, with profits coming in recent quarters after years and years of questionable performance. Now, it has kicked off what it is calling “a new phase” as an independent public company.
