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FCC to approve Sirius-XM deal if companies pay $19M fine

The Federal Communications Commission was close to an agreement Thursday to conditionally approve the $3.9 million merger of Sirius Satellite Radio (SIRI) and XM Satellite Radio, (XMSR) three FCC officials said. The lone holdout, Commissioner Deborah Taylor Tate, has indicated she will vote in favor of the buyout if the companies agree to settle charges they have violated agency rules, in addition to other lesser promises, according to an official familiar with the negotiations who asked not to be named because the final vote has not been made public. 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. The nation's two satellite radio companies say they are negotiating... [read full story]                    

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