Saturday, July 26, 2008

Sirius - XM Merger Approved!

The deal is done! Yesterday the FCC approved the merger between satellite radio providers Sirius & XM. I've been anxiously awaiting this deal for some time. It's my opinion that this gives the consumer the best value for their money. As a tech lover and and music lover too, I've been hooked on XM for several years now. My choice was mainly based on the fact that I'm a baseball fan and I get every game on XM. Now I'll be able to get the best of Sirius too! Details from the Reuters story below:

WASHINGTON (Reuters) - Sirius Satellite Radio Inc's (SIRI.O) purchase of XM Satellite Radio Holdings Inc (XMSR.O) was approved with conditions by U.S. communications regulators on Friday, clearing the way for a deal that will leave just one U.S. satellite radio service.

The Federal Communications Commission voted 3-2 in favor of a proposal that would allow the deal to proceed as long as the companies meet a series of consumer protection conditions, including a three-year cap on prices, set-aside of channels for minority and non-commercial programming and payment of a $19.7 million penalty for past FCC rule violations.

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