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Wednesday July 25, 2007
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 Well, there's little doubt now that, merger approval or not, there's big changes ahead for the world of satellite radio. XM announced today that the company's CEO, Hugh Panero, would be "stepping aside." Nice benign language, sure, but one can't help but get the visual of Mr. Panero shuffling a few inches to the left, as the speeding freight train that is the proposed Sirius/XM merger comes barreling through.
Panero has been the CEO of the company for nearly a decade (wow, satellite radio's been around for nearly a decade?), having signed on in 1998, after leaving a five year post as the head of the now defunct pay per view network, Request TV. The official "stepping aside" will occur next month, when current president and COO, Nate Davis, will take over as the interim CEO.
Merger-willing, it looks like time to start up the Stern for CEO campaign.
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July 25, 2007 3:52 PM
Did he say he needed to "spend more time with his family"? Because that's what politicians always say when they resign right before a scandal drops.
July 25, 2007 7:40 PM
It could be a scandle (hmmm...) but based on this latest news, there really is no doubt that this merger is going to happen. XM and Sirius have had a lot of planning in the works to make this happen, with the aid of course, of their pre-existing ties to each other. An article published yesterday on NewsVisual went in depth about the ties between the companies that probably was at the root of the merger. Here's that link: http://www.newsvisual.com/newsvisual/2007/07/connections-mak.html Since xm's ceo is out, it probably won't be to soon before this thing is finalized.