Although the National Association of Broadcasters (NAB) and special interest groups fought the merger of XM Satellite Radio and Sirius Satellite Radio, recent statements in support of the merger by Federal Communications Commission chairman Kevin Martin were considered a good sign for the deal.
Both XM and Sirius say the union would save them about $400 million annually, helping them manage the significant debt both companies have taken on since their creation.
The long-term question, however, assuming that the combined ...