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Satellite Radio Networks Sirius & XM to Merge

HeadlineFeb 20, 2007

In media news, the nation’s two satellite radio networks plan to merge. On Monday, Sirius Satellite Radio announced plans to buy its rival XM for $4.6 billion in stock. The merger will require the approval of the Federal Communications Commission. Jeff Chester of the Center for Digital Democracy criticized the proposed deal. He said, “Such a merger would mean a reduction in the quantity and quality of programming available to the public.”

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