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FCC is Sirius: XM to be bought by Sirius
The FCC voted Friday and will let Sirius buy rival XM Satellite radio. The merger, once completed, will create a radio monopoly from above. Within 90-days of the new company several items have to be completed.
The HDRadio move to include radio receivers for ground-based stations was not considered. At present, subscribers will not have to buy new radios. Nor will prices rise for at least three-years.
Each company paid a fine to the government, mostly for illegal or over-powered ground repeater systems.
Stay Tuned!