SIRIUS, XM Merger gets Last Minute FCC Blessing

By Automotive Staff | July 30, 2008
Well, it is a whole new world in the field of satellite tadio.The Federal Communications Commission finally approved the merger of XM Satellite Radio and Sirius Satellite Radio. However, it was close. The vote of the FCC commissioners was 3-2. The tie breaking vote came from Commissioner Deborah Taylor Tate, who wanted the companies to admit to charges of violating FCC rules relating to radio receivers and ground based signal repeaters. The companies complied, agreeing to pay a fine of $19.7 million for violations XM will pay $17.5 million and Sirius will pay $2.2 million. Both are expected to save hundreds of millions of dollars. Our take? The companies continue to maintain fees to subscribers will be minimally affected. Pardon our cynicism, but we'll believe it when we see it. via Yahoo!