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Satellite radio companies to pay $19.7 million

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07.24.2008

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Satellite radio companies to pay $19.7 million

Satellite radio companies to pay $19.7 million
7/24/08

Quote:

WASHINGTON - A merger of the nation's only two satellite radio companies moved closer to fruition Thursday after the pair agreed to pay $19.7 million to settle a case alleging violation of federal rules. Federal Communications Commission Chairman Kevin Martin told The Associated Press the agency had reached an agreement late Wednesday night where XM Satellite Radio Holdings Inc. will pay $17.5 million and Sirius Satellite Radio Inc. will pay $2.2 million to resolve that issue.
http://news.yahoo.com/s/ap/20080724/...qpwu3yOgKs0NUE

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