Radio Merger Waiting On Fcc

Summary


Now that the Justice Department has endorsed the $13 billion marriage of XM Satellite Radio and Sirius Satellite Radio, all eyes are on the Federal Communications Commission, which could hinge approval on one or more conditions.

So far, District-based XM and Sirius of New York have introduced an "a la carte" programming scheme that includes packages priced at less than the companies' existing $12.95 monthly subscription fees. The companies also promised to introduce "interoperable" radios capable of receiving both signals.

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Extract


Radio Merger Waiting On Fcc

But a slew of proposed merger conditions from interested parties have cropped up in recent months.

Private equity group Georgetown Partners want...

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