XM, Sirius would pay $19 million fine

WASHINGTON---- The nation's two satellite radio companies say they are negotiating a $19 million payment for violating Federal Communications rules. The agreement is expected to lead to approval of Sirius Satellite Radio Inc.'s $3.9 billion buyout of rival XM Satellite Radio Holdings Inc. The violations involve complaints about interference the satellite radios cause with land-based radio stations and violations related to land-based signal repeaters the companies operate to deliver programming. Under the agreement, which is not yet final, XM would pay $17 million and Sirius would pay $2 million to the U.S.... [read full story]