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Federal Communications Commission Chairman Kevin Martin has reportedly agreed to back the proposed merger of Sirius Satellite Radio and XM Satellite Radio companies after getting concessions from the satcasters. According to an Associated Press report Monday (June 16) report, the new entity has agreed it will not raise prices or block competition between radio manufacturers. The conditions were specifically sought by Reps. John Dingell (D-Mich.) and Edward Markey (D-Mass.) in a letter to Martin more than six weeks ago.
“As I’ve indicated before, this is an unusual situation,” Martin said in the AP report.
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