In September 2020, SiriusXM announced that Jennifer Witz will succeed James Meyer as the company's Chief Executive Officer once he retires by December 31, 2020. The company also hired AMC Networks Inc's Sean Sullivan as Chief Financial Officer.[70]
Sirius XM Holdings, Inc., doing business as Sirius XM Satellite Radio, is a broadcasting company headquartered in Midtown Manhattan, New York City that provides three satellite radio and online radio services operating in the United States: Sirius Satellite Radio, XM Satellite Radio, and Sirius XM Radio. The company also has a minor interest in SiriusXM Canada, an affiliate company that provides Sirius and XM service in Canada. At the end of 2013, Sirius XM reorganized their corporate structure, which made Sirius XM Radio Inc. a direct, wholly owned subsidiary of Sirius XM Holdings, Inc.[4]
Sirius XM Radio was formed after the U.S. Federal Communications Commission (FCC) approved the acquisition of XM Satellite Radio Holding, Inc. by Sirius Satellite Radio, Inc. on July 29, 2008, 17 months after the companies first proposed the merger.[5] The merger brought the combined companies a total of more than 18.5 million subscribers based on current subscriber numbers on the date of merging.[5] The deal was valued at $3.3 billion, not including debt.[6] Through Q2 2017, Sirius XM has more than 32 million subscribers.[7]
The proposed merger was opposed by those who felt a merger would create a monopoly. Sirius and XM argued that a merger was the only way that satellite radio could survive.[6]
In September 2018, the company agreed to purchase the competing streaming music service, Pandora[8], and this transaction was successfully completed on the 1st of February 2019.[9]
