The proposed merger of satellite radio giants XM and Sirius inched toward approval as the FCC chairman said he would likely allow the $5 billion deal in exchange for several concessions. FFC chair Kevin Martin has requested the companies turn over 24 channels to noncommercial and minority programming. Martin also requested that the two companies have a three-year price freeze for customers, which would affect the duo's plans for the "a la carte" (or pay-per-channel) subscription the companies expected to roll out three months after the merger. The FCC's recommendation for approval sets up a final vote to see whether the merger will finally go through after more than a year of scrutiny.
XM/Sirius Merger Gets FCC Chairman's Approval
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