Monday, March 24, 2008

Justice Department approves XM-Sirius merger

Area newspapers are reporting that the Justice Department just approved the XM-Sirius merger.

So what does that mean for our neighborhood? Will XM up and leave and consolidate offices in NY? Will they keep both NY and DC locations? This bizjournal article from a year ago has a good overview of the pros and and cons for XM/Sirius to stay in DC, move to NY, or keep facilities in both cities. Since that article came out, much has happened in NoMa (i.e., NPR, DOJ, Harris Teeter leases) which might be factors for XM/Sirius to consider in determining the location of its operations.
I guess if the merger was meant to make both XM and Sirius more competitive and viable, it makes complete sense to me that they would maintain locations in DC and NY. XM already owns their space in DC and real estate is still more affordable in DC than in NY. But of course I'm biased. I'm sure everyone in DC wants XM to stay put.

3 comments:

dcavocado said...

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