FCC chief recommends OK of satellite radio merger

Associated Press - June 16, 2008 12:53 AM ET

WASHINGTON (AP) - The chairman of the Federal Communications Commission is recommending approval of the $5-billion merger between the nation's only two satellite radio broadcasters.

The Associated Press has learned that the recommendation comes in exchange for concessions offered by the companies that include turning over 24 channels to noncommercial and minority programming.

FCC Chairman Kevin Martin's recommendation sets the stage for a final vote on the closely watched buyout of XM Satellite Radio Holdings Inc. by rival Sirius Satellite Radio Inc.

The two companies also agree to a 3-year price freeze for their subscribers.

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