XM-Sirius merger is threat to local HD radio: Local broadcasters hustle to launch digital channels
The news of a potential merger between New York-based Sirius Satellite Radio Inc. and Washington, D.C.-based XM Satellite Radio Holdings Inc. comes at a critical time for local radio station operators. If the merger draws more listeners, that clearly would be bad news for terrestrial radio stations already dealing with the Internet and Ipod, and could imperil their fledgling high-definition initiative. Already, the proposed $11.4 billion merger is getting lots of media attention, and that’s bound to raise satellite radio’s…