XM Satellite Radio has acquired an exclusive deal with Fox News to broadcast it's Cable TV news station simultaneously on it's network. This came as talks with Sirius Satellite Radio fell apart and Fox News was yanked off the network on New Years Day.
I'm guessing that Fox News has a little more pull than Howard Stern who signed a $500 million, 5 year deal with Sirius Satellite Radio earlier last year. Mel Karmazin left Viacom to head up Sirius Satellite Radio
... XM's exclusivity with Fox News comes courtesy of rival Sirius Satellite Radio's failure to come to terms with the network, despite an hourlong meeting between Fox News topper Roger Ailes and Sirius CEO Mel Karmazin, insiders said.
The previous Sirius-Fox News arrangement ended last year so Sirius stopped broadcasting the Fox News television simulcast before midnight on New Year's Eve and replaced it with CNN Headline News.
Satellite radio observers noted that XM scored a coup by renegotiating with Fox News under the assumption it essentially would be sharing content with Sirius. With Sirius out -- at least for now -- XM gets an important slate of content exclusively, though at an unexclusive rate. Fox News is about the third-most-listened-to channel among the more than 140 channels offered by XM, insiders said.
Terms of XM's new, multiyear deal with Fox News, inked late last year, have not been disclosed.
"I have to tell you, anyone who thinks you can swap Fox News with CNN Headline News and no one will notice, is wrong," [Fox News Radio senior vp Kevin] Magee said. "I personally got 500 e-mails about it."
Yeah, CNN Headline News is pretty lacking. Fox News regularly has commentary and experts on and while they do repeat the news over and over those little commentary and expert opinion pieces break up the monotony a bit.
Tipped by: SoCalLaw Blog