What is the status with the XM Sirius merger?
Today’s news headline on the XM/Sirius merger is that the Justice Department approved the merger, indicating that there’s no problem with anti-trust law. However, the Federal Communications Committee has yet to issue their decision, and that’s a pretty tough bar to clear because current FCC rules say that the two satellite radio commpanies cannot merge. They’re applying for a rules change while the National Association of Broadcasters, AM and FM station owners who oppose practically everything the sattelite radio companies do, are opposing any change.
