.

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.

To read the new issue of Rolling Stone online, plus the entire RS archive: Click Here

prev
Music Main Next
Around the Web
Powered By ZergNet
Daily Newsletter

Get the latest RS news in your inbox.

Sign up to receive the Rolling Stone newsletter and special offers from RS and its
marketing partners.

X

We may use your e-mail address to send you the newsletter and offers that may interest you, on behalf of Rolling Stone and its partners. For more information please read our Privacy Policy.

Song Stories

“Wake Up Everybody”

John Legend and the Roots | 2010

A Number One record by Harold Melvin and the Bluenotes in 1976 (a McFadden- and Whitehead-penned classic sung by Teddy Pendergrass) inspired the title and lead single from Wake Up!, John Legend's tribute album to message music. The more familiar strains of "Wake Up Everybody" also fit his agenda. "It basically sums up, in a very concise way, all the things we were thinking about when we were putting this record together in that it's about justice, doing the right thing and coming together to make the world a better place," he said. Vocalists Common and Melanie Fiona assist Legend on this mission to connect.

More Song Stories entries »
 
www.expandtheroom.com