Jul
26
Posted on 26-07-2008
FCC approves XM-Sirius satellite radio merger (AP)
Filed Under (Uncategorized) by admin on 26-07-2008

In this March 20, 2008 file photo, a sign for XM Satellite Radio hangs over its exhibit space at the New York International Auto Show in New York. Federal regulators formally approved the merger of the nation's only two satellite radio operators Friday, ending a 16-month-long drama closely watched by Washington and Wall Street. Sirius Satellite Radio Inc.'s $3.3 billion buyout of rival XM Satellite Radio Holdings Inc. will mean 18 million-plus subscribers will be able to receive programming from both services. (AP Photo/Mark Lennihan, File)AP - WASHINGTON (AP) — Sirius Satellite Radio Inc.’s $3.3 billion buyout of rival XM Satellite Radio Holdings Inc. will mean millions of subscribers will be able to receive programming from both services, while executives say it will create huge cost savings for the industry.


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