DigitalBurn.com

The Federal Communications Commission’s staff has tentatively proposed that the government approve the long delayed Sirius/XM merger. The ‘green light’ could come in as soon as three weeks. According to Kevin Martin, Chairman of the FCC, the move would be “in the public interest” as long as the company continues to abide by certain restrictions.

Should the deal be completed, it will require the new company to cap prices and offer services a la carte, and offer universally compatible radios no later than one year from the completion of the merger. The company would have to keep approximately eight percent of channels open for public and minority-owned stations. The deal received approval by the Department of Justice in March after it was determined that the combined company would not create a monopoly.

[Electronista]

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