Three U.S. Lawmakers Back XM/Sirius Merger
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The Justice Department is evaluating whether the merger of the only two U.S. satellite radio companies would hurt competition.
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Sirius Satellite Radio Inc.   and XM Satellite Radio Holdings Inc.  said on Monday  that if their proposed merger is approved, they will offer  subscriptions priced 46 percent below current levels, and would  let customers buy packages of their favorite channels.
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Winning approval for a proposed merger of the nation's two satellite-radio companies turns on whether regulators buy their argument that iPods, Internet radio and other new technologies have expanded so dramatically that a monopoly would not harm consumers' choices or purses.
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Hoping to win approval for their merger, Sirius Satellite Radio and XM Satellite Radio announced plans to let consumers choose the programs in their subscription package.
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WASHINGTON - Two powerful congressional chairmen, including one who had opposed legislation to revamp the nation&#39;s intelligence agencies, endorsed a compromise yesterday and moved a bill endorsed by President Bush closer to approval.
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Two powerful congressional chairmen, one who had opposed legislation to revamp the nation&#39;s intelligence agencies, endorsed a compromise Monday and moved a bill endorsed by President Bush closer to approval.
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What do you think, folks at home? The Federal Communications Commission is seeking public comment on whether it should uphold a 1997 decision that bars satellite radio rivals Sirius and XM from merging.â¦
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Political opposition to the merger of satellite radio providers XM and Sirius increased on Wednesday, as the chair of the Senate antitrust committee sent a letter to both the FCC and Justice Department opposing the deal.
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The chairman of the U.S. Senate's  antitrust subcommittee on Wednesday urged regulators to block  Sirius Satellite Radio Inc.'s proposed acquisition of XM  Satellite Radio Holdings Inc..
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Two powerful congressional chairmen, one who had opposed legislation to revamp the nation's intelligence agencies, endorsed a compromise Monday and moved a bill endorsed by President Bush closer to approval.
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Concerns fade over congressional interference in XM-Sirius deal.
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After 3 1/2 months of industry lobbying, congressional hearings and intensive Wall Street analysis, the public will have a chance to weigh in on whether it thinks the proposed merger of the nation's only two satellite radio companies is a good idea.
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Sirius Satellite Radio  and XM  Satellite Radio  shares jumped on Tuesday after the  companies announced a merger plan, although a top regulator  said the deal would face a tough review.
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The two main satellite radio  providers, XM Satellite Radio Holdings Inc.  and Sirius   are expected to announce a long-awaited merger on  Monday, according to the New York Post.
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Sirius Satellite Radio, which has proposed to merge with its pay-radio rival, XM Satellite Radio, posted a narrower quarterly loss Tuesday.
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The price of satellite radio service has become a sensitive topic in the debate over whether the nation's two space-based radio companies should be allowed to merge, and lawmakers zeroed in on it yesterday.
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NEW YORK/WASHINGTON  - U.S. satellite radio  companies Sirius  and XM  promised on Monday a  variety of subscription packages that cost up to 46 percent  less than current plans if their merger is approved.