FCC Approves Sirius and XM Satellite Radio Merger
July 29, 2008 · Print This Article
Filed under: Audio/Video, Automobile Tech
In a somewhat unsurprising move, the FCC has approved the merger of Sirius and XM after protracted — and incredibly boring — multi-year negotiations. The Federal Communication Commission decided tonight to allow a deal that’ll bring the two satellite radio providers together, creating a combined subscriber base of roughly 18 million users.
The deal isn’t without catches, however, with the Commission stating that the companies must cap prices for three years following the merger, allow subscriber choice on content, and lower fees for channel packages. FCC head Kevin Martin seemed pleased with the final outcome, stating, “Consumers will get to like the ideal of the programming on both services.” You know who wasn’t so stoked Clear Channel. [Source: Washington Post]
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