XM and Sirius Close To Merger

It’s been long roumered and today reports are saying it will happen; the merger of XM and Sirius satallite radio. As a consumer, I’m pretty happy about it. I get the best of both worlds. I do wonder about the decreased competition as XM and Sirius both drove each other to innovate and sign content deals with the likes of Howard Stern, Martha Stewart, the NFL and MLB. Traditional radio is staggering and not much competition, but hopefully the new media of the Internet will keep the new company on it’s toes. Legal regulators did prohibit the merger of the two big satallite TV companies a few years back so we’ll have to see if they feel differently about the radio space.

UPDATE: The deal is done. Now, will the FCC allow it?