Earlier today, the Justice Department approved Sirius Satellite Radio's proposed $4.59 billion (!) aquisition of satellite old-schooler XM Satellite Radio.
This decision created one single US satellite radio provider.
In response to questions fearing a monopoly, the Justice Dept. said " the combined company won't be able to raise prices profitably because of competition from such forms of audio entertainment as broadcast radio and MP3 players."
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I've been a Sirius Satellite subscriber (hello alliteration) since the night before Howard Stern broadcast his first censorship-free show. But in that time, I've come to love certain aspects of the other channels and have recommended this product to everyone from friends to my parents.Sirius and XM, its competitor, merged a few months ago after what seemed like an endless battle to turn two into one. To be honest, I didn't follow the merger as much as I should have because ultimately, I really d