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SIRIUS/XM Welcome NAACP Support for Satellite Radio Merger
- By News Hound
- Published 06/28/2007
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View all articles by News HoundSIRIUS/XM Welcome NAACP Support for Satellite Radio Merger
Nation's Largest Civil Rights Organization Calls Merger a Positive
Development for African-American Consumers
WASHINGTON, June 28 /PRNewswire/ -- SIRIUS Satellite Radio (Nasdaq: SIRI) and XM Satellite Radio (Nasdaq: XMSR) today announced the endorsement of The National Association for the Advancement of Colored People (NAACP), the nation's largest and most widely-recognized grassroots civil rights organization with over 400,000 members, for their pending merger.
"We are extremely pleased to enjoy the support of such a well-respected
and influential organization in the African American community," said Gary
Parsons, Chairman of XM Satellite Radio and Mel Karmazin, CEO of SIRIUS Satellite Radio, in a joint statement.
In a letter to the Federal Communications Commission (FCC), NAACP
Director Hilary Shelton affirmed, "We are convinced that the pending
Sirius-XM merger will be a positive development for consumers. More
diverse, accessible and appealing options at lower prices in satellite
radio will help further expand the reach of this medium." Both XM and SIRIUS offer numerous music and entertainment channels of
interest to the diverse taste of African-Americans.
For instance, XM's "ThePower" offers thought and opinion on social, political and economic issues from an African-American perspective on the nation's only 24/7 radio channel programmed by and for the African-American community, while SIRIUS' "Foxxhole", hosted by Jamie Foxx, offers exclusive 24/7 programming from Urban Comedy to radio theater.
In their letter to the FCC, the NAACP also applauded both companies for maintaining "a strong commitment to diversity" and utilizing "significant
resources to recruit and retain minority talent and leadership at all
levels."
"We have no doubt that a merged satellite radio company would continue,
and in fact, strengthen its commitment to diversity in employee recruitment
and retention, while expanding its pool of diverse contractors and
vendors," added Shelton.
SIRIUS and XM look forward to continuing their strong working
relationship with the NAACP to provide high-quality programming to an even wider audience of African-American listeners and other communities of color following the merger.
Additional information regarding the merger can be found at
http://www.SIRIUSmerger.com and http://www.XMmerger.com.
Development for African-American Consumers
WASHINGTON, June 28 /PRNewswire/ -- SIRIUS Satellite Radio (Nasdaq: SIRI) and XM Satellite Radio (Nasdaq: XMSR) today announced the endorsement of The National Association for the Advancement of Colored People (NAACP), the nation's largest and most widely-recognized grassroots civil rights organization with over 400,000 members, for their pending merger.
"We are extremely pleased to enjoy the support of such a well-respected
and influential organization in the African American community," said Gary
Parsons, Chairman of XM Satellite Radio and Mel Karmazin, CEO of SIRIUS Satellite Radio, in a joint statement.
In a letter to the Federal Communications Commission (FCC), NAACP
Director Hilary Shelton affirmed, "We are convinced that the pending
Sirius-XM merger will be a positive development for consumers. More
diverse, accessible and appealing options at lower prices in satellite
radio will help further expand the reach of this medium." Both XM and SIRIUS offer numerous music and entertainment channels of
interest to the diverse taste of African-Americans.
For instance, XM's "ThePower" offers thought and opinion on social, political and economic issues from an African-American perspective on the nation's only 24/7 radio channel programmed by and for the African-American community, while SIRIUS' "Foxxhole", hosted by Jamie Foxx, offers exclusive 24/7 programming from Urban Comedy to radio theater.
In their letter to the FCC, the NAACP also applauded both companies for maintaining "a strong commitment to diversity" and utilizing "significant
resources to recruit and retain minority talent and leadership at all
levels."
"We have no doubt that a merged satellite radio company would continue,
and in fact, strengthen its commitment to diversity in employee recruitment
and retention, while expanding its pool of diverse contractors and
vendors," added Shelton.
SIRIUS and XM look forward to continuing their strong working
relationship with the NAACP to provide high-quality programming to an even wider audience of African-American listeners and other communities of color following the merger.
Additional information regarding the merger can be found at
http://www.SIRIUSmerger.com and http://www.XMmerger.com.
