Broadcasting & Cable, April 30, 2008

Look for XM Satellite Radio and Sirius Satellite Radio to announce Wednesday that they are extending their deal to merge.

The two companies are extending the deal to May 15, with both agreeing to an automatic, two-week extension after that, unless one or the other says they don't want to extend it.

The current deal had a trigger to unwind as of May 1 absent regulatory approval. While the Justice Department has said that it has no antitrust concerns about the merger of the two satellite-radio companies sufficient to warrant blocking it or putting conditions on it, the Federal Communications Commission has not made its call.

To read the article, click here.

This article is copyrighted material, the use of which has not been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond fair use, you must obtain permission from the copyright owner.