Law360, New York (July 24, 2008, 12:00 AM EDT) -- Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. are reportedly on the verge of a settlement with the U.S. Federal Communications Commission that would allow a controversial merger between the companies to go through.
The FCC and the companies have reached a tentative agreement under which XM would pay a fine of $17.5 million and Sirius a fine of $2.2 million for past technical violations, including the use of radio receivers and terrestrial repeaters that violated FCC rules, the Washington Post and others have...
XM, Sirius Near $20M Deal With FCC
To view the full article, register now.
Try Law360 FREE for seven days
Already a subscriber? Click here to login
