Mar
24
If you are an avid listener of XM or Sirius Satellite Radio on your way to / from the office, you my have more channel options in the near future.
According to the Associated Press story Justice Dept. Approves XM-Sirius Merger…
March 24, 2008 - The Justice Department on Monday approved Sirius Satellite Radio Inc.’s proposed $5 billion buyout of rival XM Satellite Radio Holdings Inc., saying the deal was unlikely to hurt competition or consumers.
The transaction was approved without conditions, despite opposition from consumer groups and an intense lobbying campaign by the land-based radio industry.
The companies have pledged that the combined firm will offer listeners more pricing options and greater choice and flexibility in the channel lineups they receive. If the deal is approved, the companies have said they would offer pricing plans ranging from $6.99 per month, for 50 channels offered by one service, up to $16.99 a month, where subscribers would keep their existing service plus choose channels offered by the other service.
