XM Canada won't confirm merger speculation

TORONTO – XM Canada executives said that they are “evaluating the benefits of a Canadian merger” with competitor Sirius satellite radio, but offered no further details during a conference call to discuss the company’s fourth quarter and fiscal 2008 financial results today. When pressed if the two Canadian satellite radio companies will consolidate like their U.S. counterparts, XM president and CEO Michael Moskowitz said only that there is “no specific timeline” for a decision, and that the company is “looking at all stakeholders”, before firmly turning the conversation back to the company’s financials. The company press release calls the results...