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A Sirius Bid for Mickey? Nah- Business Week- 7/18/05

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  • A Sirius Bid for Mickey? Nah- Business Week- 7/18/05

    Don't bet on rumors that the satellite-radio outfit wants Disney's radio assets. More likely: a spin-off of Mouse House radio

    Will the Mouse House sell its radio empire to the future home of Howard Stern? According to a recent news report, Mel Karmazin, CEO of Sirius Satellite Radio (SIRI ), is mulling a bid for Disney's (DIS ) radio assets. But Standard & Poor's doesn't think investors will be hearing wedding bells for the two companies anytime soon.

    The New York Post report, which has not been confirmed by either company, triggered market speculation about a bid by Sirius following a recent and unconfirmed Wall Street Journal report that Disney is exploring the fate of its $3 billion radio station and network group. The latter report, citing unidentified people who claimed to be familiar with the matter, said the company might try to structure a tax-free spin-off of the radio assets to Disney's shareholders. Another alternative, according to the media reports, would be selling and combining the Disney radio assets with another radio company.
    Check out the News Forum for the latest news with a Micechat twist!



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