Sirius, XM merger finally approved
After what seems like forever, the merger of satellite radio providers Sirius and XM has finally been approved by the last group that needed to bless it–the FCC.
By a vote of 3 to 2, the FCC agreed to the merger after Sirius and XM agreed to pay a $19.7 million fine for violating FCC regulations for the and-based signal repeaters the companies use to operate.
Looks like all the lobbying by land-based radio companies against the merger didn’t make enough of a difference.
Both companies have promised that within three months of the deal they would allow listeners to pay only for the channels they want.