The FCC's staff has given the XM and Sirius merger the go-ahead, which means it's finally a done deal (after a mere 15 months or so) unless something extraordinary happens in the near future, the WSJ reports.

Technically, the FCC itself has to vote on the merger, and XM (XMSR) and Sirius (SIRI) will have to agree to a couple of concessions (price caps, a pledge to let other companies make receivers, a promise to hand over 8% of the spectrum to third-party broadcasters, etc).

But there's no reason to think the commission itself won't approve the deal, likely within the next three weeks. And the desperate satellite guys would agree to just about anything to get this deal done. Unfortunately, we still don't see a merger helping the two companies out long-term: Consumer apathy plus increased competition are much harder to overcome than federal regulators.

said by Mr Matt :

I wonder how many $$$ Sirius/XM will kick back to the "Greedy Old Pigs" (GOP), through campaign contributions, for using the Kevin Martin rubber stamp to approve the merger?

said by james :

Either the companies merge or they both go under.

said by pnh102 :

quote:

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There will supposedly be some concessions applied to the $5 billion merger, including the carrier being forced to turn over 24 channels to noncommercial and minority programming ...

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Why are these conditions in place? Satellite radio is a luxury service. It should not be subjected to the same inane content regulations that made terrestrial radio the garbage that it is today.

said by furlonium :

Agreed.

said by Chiyo :

Amen screw minority programming people won't listen to it anyway.