As you no doubt already know by now, XM and Sirius announced plans yesterday to merge, pending the approval of the relevant regulatory agencies. The top suits of both companies just held a conference call to present their case to the people that matter most: investors. Oh, and I guess consumers could also listen to it on the radio. But no one gives a damn about them.

The big news is that neither service will be shut down; you're not going to subscribe to a combined XMSIRIUS any time soon. They went out of their way to say that, for example, if you want to listen to both Howard Stern and Opie & Anthony, the two biggest "gets" for satellite radio, you'll need to subscribe to both services.