Agreement reached for FCC to clear XM-Sirius deal

Agreement reached for FCC to clear XM-Sirius deal
| Reuters: "U.S. regulators reached an agreement to conditionally approve Sirius Satellite Radio Inc's purchase of XM Satellite Radio Holdings Inc as the companies said they would pay millions of dollars to settle allegations of past rule violations.

The three Republicans on the five-member Federal Communications Commission have agreed in principle to vote in favor of letting the deal proceed as long as the companies agree to conditions to protect consumers and settle the FCC enforcement matters, a source familiar with the agency review said on Thursday.

'I think it's fair to say an agreement in principle has been reached,' FCC Chairman Kevin Martin was quoted by the Wall Street Journal as saying."