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It has its origins in the 1988 formation of the American Mobile Satellite Corporation (AMSC), a consortium of several organizations originally dedicated to satellite broadcasting of telephone, fax, and data signals. XM Satellite Radio was founded by Lon Levin and Gary Parsons. One such application came from American Mobile Radio Corporation (AMRC), the predecessor company to XM Satellite Radio. Following the Allocation NPRM, the FCC established a Decemcut-off date for applications proposing satellite DARS to be considered in conjunction with CD Radio's application. (SCDR) filed a Petition for Rule Making in which it requested spectrum to offer Compact Disc quality digital audio radio service to be delivered by satellites and complementary radio transmitters. On May 18, 1990, Satellite CD Radio, Inc. The origin of XM Satellite Radio was a Petition for Rulemaking filed at the Federal Communications Commission (FCC) by regulatory attorney and Founder of Satellite CD Radio Martine Rothblatt, to establish frequencies and licensing rules for the world's first-ever Satellite Digital Audio Radio Service (SDARS). Having secured installation deals with automakers, including BMW, Chrysler and Ford, Sirius launched the initial phase of its service in four cities on February 14, 2002, expanding to the rest of the contiguous United States on July 1, 2002. In November 1999, marketing chief Ira Bahr convinced Margolese to again change the name of the company, this time to Sirius Satellite Radio, in order to avoid association with the soon-to-be-outdated CD technology.
ELLE FANNING SIRIUS XM STUDIOS 2013 LICENSE
In 1997, after Margolese had obtained regulatory clearance and "effectively created the industry," the FCC also sold a license to XM Satellite Radio, which followed Sirius' example. Margolese renamed the company CD Radio, and spent the next five years lobbying the FCC to allow satellite radio to be deployed, and the following five years raising $1.6 billion, which was used to build and launch three satellites into elliptical orbit from Kazakhstanin July 2000. Six months later, in November 1992, Rogers Wirelessco-founder Margolese, who had provided financial backing for the venture, acquired control of the company and succeeded Briskman. Former NASA engineer Briskman, who designed the company's satellite technology, was then appointed chairman and CEO.
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The company was the first to petition the FCC to assign unused frequencies for satellite radio broadcast, which "provoked a furor among owners of both large and small radio stations." In April 1992, Rothblatt resigned as chairman and CEO to start a medical research foundation.
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In 1990, Rothblatt founded Satellite CD Radio in Washington, DC. Sirius Satellite Radio was founded by Martine Rothblatt, David Margolese, and Robert Briskman. Sirius and XM argued that a merger was the only way that satellite radio could survive. The proposed merger was opposed by those who felt a merger would create a monopoly. Through Q3 2016, Sirius XM has 31 million subscribers. The deal was valued at $3.3 billion, not including debt. The merger brought the combined companies a total of more than 18.5 million subscribers based on current subscriber numbers on the date of merging. on July 29, 2008, 17 months after the companies first proposed the merger.
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Federal Communications Commission (FCC) approved the acquisition of XM Satellite Radio Holding, Inc. Sirius XM Radio was formed after the U.S. a direct, wholly owned subsidiary of Sirius XM Holdings, Inc. At the end of 2013, Sirius reorganized their corporate structure, which made Sirius XM Radio Inc. The company also has a major investment in Canada called SiriusXM Canada, an affiliate company that provides Sirius and XM service in Canada. Sirius XM Satellite Radio is an American broadcasting company that provides three satellite radio and online radio services operating in the United States: Sirius Satellite Radio, XM Satellite Radio, and Sirius XM Radio.