Having finally gotten the blessing of the FCC yesterday, satellite radio providers SIRIUS and XM announced that their merger is complete. Both companies are now part of SIRIUS XM Radio.
The merger has actually been in the works for more than a year and a half, but had been held up by the FCC, who finally approved it in March. Yesterday FCC commissioners voted 3-2 in favor of allowing it.
"We also believe that the completion of the merger will eliminate any confusion that has been lingering in the marketplace," added Karmazin.
The long approval process was largely a result of anti-trust concerns voiced by consumer interest group and other (terrestrial) broadcasters. However, unless significantly more subscribers are added in the next couple of years the new company's monopoly won't even be enough to help them survive.











