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XM/Sirius Merger Gets FCC Chairman's Approval

June 16, 2008 11:20 AM ET

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.

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Song Stories

“Love Is the Answer”

Utopia | 1977

The message of the Beatles' "All You Need Is Love" proved to be a universal and long-lasting one, which Utopia revisited 10 years later on this ballad. "From a lyrical standpoint, it's part of a whole class of songs that I write, which are about filial love," Todd Rundgren explained. "I'm not a Christian, but it's called Christian love, the love that people are supposed to naturally feel because we are all of the same species. That may be mythical, but it's still a subject." Though "Love Is the Answer" wasn't a hit, a cover version two years later by England Dan & John Ford Coley peaked at Number Ten on the Billboard singles chart.

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