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Deciding vote in XM-Sirius deal makes offer

sirius-xm-merger.jpgThe potential deciding vote in the government’s review of the $3.1 billion merger between satellite radio companies XM and Sirius told The Associated Press he will vote in favor of the deal if the companies agree to tougher conditions.

So far, two of the five members of the Federal Communications Commission have voted to approve Sirius Satellite Radio Inc.’s buyout of rival XM Satellite Radio Holdings Inc. That is one vote shy of a majority.

FCC commissioner Jonathan Adelstein, a Democrat, wants the companies to cap prices for six years and make one-quarter of their satellite capacity available for public interest and minority programming, among other conditions.

[via MSNBC]
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