Automotive contracts seen driving satellite radio

Newswire

By Sue Zeidler LOS ANGELES, May 30 (Reuters) - Whether the two largest satellite radio companies merge or not, the future of the industry is riding on automotive contracts at a time when competition for in-car entertainment is increasing. Sirius Satellite Radio Inc.'s bid to buy XM Satellite Radio Holdings Inc. for $4 billion would help the two companies cut losses, compete more effectively and turn profits faster, the companies have said. But they have also stipulated they don't need ...

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