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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

“American Girl”

Tom Petty and the Heartbreakers | 1976

It turns out that a single with "American" in its title--recorded on the Fourth of July during the nation's Bicentennial, no less--can actually sell better in Britain. Coupled with the Heartbreakers' flair for Byrds jangle and Animals hooks, though, is Tom Petty's native-Florida drawl that keeps this classic grounded at home. Petty dispelled rumors that the song was about a suicidal student, explaining that the inspiration came from when he was 25 and used to salute the highway traffic outside his apartment window. "It sounded like the ocean to me," he recalled. "That was my ocean. My Malibu. Where I heard the waves crash, but it was just the cars going by."

More Song Stories entries »
 
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