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XM-Sirius Merger Nears Completion, Pending FCC Decision

March 24, 2008 4:56 PM ET

One year after announcing a plan to join forces, former satellite radio competitors XM and Sirius moved one step closer to merging companies after getting approval from the U.S. Justice Department. The Dept. of Justice decided in a ruling that the merger was not "anti-competitive," as the two companies face competition from Clear Channel and Apple's iTunes software. Both companies struggled when competing against each other, with Sirius acquiring shock jock Howard Stern and the NFL while XM boasted Oprah Winfrey and Major League Baseball. Both companies plan to bump up their monthly price following the merge, but will likely also offer an "a la carte" option, allowing consumers to choose specific combinations of channels for a discounted rate. The final step in the merger, and perhaps the most difficult, is getting the approval from Howard Stern's old nemesis, the FCC.

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Song Stories

“Santa Monica”

Everclear | 1996

After his brother and girlfriend both died of drug overdoses, Art Alexakis -- depressed and hooked on drugs himself -- jumped off the Santa Monica Pier in California, determined to die. "It was really stupid," said the Everclear frontman, who would further explore his personal emotional journey in the song "Father of Mine." "I went under the water. Then I said, 'I don't wanna die.'" The song, declaring "Let's swim out past the breakers/and watch the world die," was intended as a manifesto for change, Alexakis said. "Let the world do what it's gonna do and just live on our own."

More Song Stories entries »
 
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