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Monday, February 19th, 2007 at 5:04 pm

Sirius Radio to merge with XM

NEW YORK (Reuters) – The two main U.S. satellite radio providers, Sirius Satellite Radio and XM Satellite Radio on Monday said they would merge in a stock-for-stock deal, a move that has been long expected in the young industry.

XM and Sirius said they would combine to create a company with an enterprise value of $13 billion, including $1.6 billion in net debt.

Under the terms of the deal, XM stockholders will get 4.6 shares in Sirius.

Veteran media executive Mel Karmazin, currently Sirius CEO, will be CEO of the combined company, and Gary Parsons, now chairman of XM, will hold the same position in the new company. The deal will need regulatory approval.

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Monday, February 19th, 2007 at 4:56 pm

Priest jailed for exorcism death

A Romanian priest has been jailed for 14 years for conducting an exorcism that led to the death of a nun who he believed was possessed by devils.

Irina Cornici, 23, died after being starved and chained to a cross at a secluded convent in the north-east.

The ritual in 2005 was led by Daniel Petru Corogeanu, 31, the priest at the Holy Trinity convent in Tanacu village.

He and four nuns were convicted of manslaughter. The nuns got jail terms ranging from five to eight years.

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Monday, February 19th, 2007 at 4:48 pm

‘Goodfellas’ star booked for suspected DUI

LOS ANGELES, California (AP) — Actor Ray Liotta was arrested on suspicion of driving under the influence after crashing his car into two parked vehicles in Pacific Palisades, authorities said.

Liotta, 52, was taken into custody just before 8:30 p.m. Saturday and booked on a misdemeanor DUI charge, said Los Angeles Police spokesman Mike Lopez.

He was released after posting $15,000 bail and ordered to appear in court next month, Lopez said.

No one was injured in the collision. Liotta was alone in his car, Lopez said.

A message left at the office of Liotta’s publicist Matt Labov was not immediately returned.

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