Sirius CEO talks of possible merger with XM

Mel Karmazin sounds like quite a character. On Monday, he was interviewed by SmartMoney and had quite a bit to say. He started out the interview blaming XM for the “hiccups” in the industry. Then later in the interview, he talks of a possible merger with XM. Mel says that he’s based his entire career on shareholder value – I’d say that forming a monopoly in the satellite radio industry would bring quite a bit of value. It’s also notable that he no longer thinks government regulations will stop a merger from happening (to which I’m going to disagree, but he would know better than me). He notes the following:

If there’s an iPod with terrestrial radio, it’s hard to believe government is worried about two satellite radio companies combining.

Read [SmartMoney]