Great News for Satellite Radio Subscribers?

I LOVE my XM Radio. About a year ago I bought a used XM radio from a friend and I've never looked back. I listen to it everyday in the car, at home through Direct TV, I sign in and listen online and also pull my radio out for vacations etc.

At this point I am very pleased with the service and stations I currently receive.

Needless to say I was a bit excited but leery at the latest news below.

Excited for more channel and programming offerings but nervous that this will mean a chance to jack up the monthly costs by offering programming "packages"

$2 for this, $3 for that etc

SIRIUS AND XM COMPLETE MERGER

SIRIUS XM Radio Chosen as New Corporate Name

Combined Company Has Over 18.5 Million Subscribers, Annualized Second Quarter Revenue Exceeding $2.4 Billion

Company to Offer Consumers Best of Both Services, While Maximizing Significant Efficiencies

SIRIUS XM Reiterates Financial Guidance; Expects 2009 Synergies of $400 million and 2009 Adjusted EBITDA of over $300 Million

NEW YORK, NY – July 29, 2008 –SIRIUS Satellite Radio (NASDAQ: SIRI) and XM Satellite Radio today announced that they have completed their merger, resulting in the nation’s premier radio company. The new company plans to change its corporate name to Sirius XM Radio Inc. The combined company’s stock will continue to be traded on the Nasdaq Global Select Market under the symbol “SIRI”.

SIRIUS XM Radio begins day one with over 18.5 million subscribers, making it the second-largest radio company, based upon revenue, in the country; and, based upon subscribers, the second largest subscription media business in the U.S. With under 10% penetration of the home and car market, the opportunity for continued growth is significant.