XM and Sirius Get Their Ways
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FCC says “Yes!” to the XM and Sirius Satellite Radio merger. Originally fearing that such merger would create monopoly, the FCC has now realized that the two services are simply competing against other forms of music delivery such as iPods and HD Radio. The deal, however, wasn’t just as simple as saying “Yes,” the two companies will be forced to pay some fines for past rule violations; an amount of about $19.7 million total.
The deal will also be great for customers. Prices will be sticky for 3 years so there is no price hiking or confusion in billing. Also, there will be other pricing plans available similar to cable TV where you pay for different varieties of channels. Since the two companies use different receivers in cars, they will have to create new devices that will pick up both signals; this could happen within several months.
Its looking good, now all we have to do is see what really happens. Details from the Washington Post.
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