Filed under: Audio/Video, Car 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 will 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 enjoy the best of the programming on both services.” You know who wasn’t so stoked? Clear Channel. [Source: Washington Post]

Read | Permalink | Email this | Comments

Share This

This entry was posted on Monday, July 28th, 2008 at 1:30 pm and is filed under World news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.