August 28, 2008
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Sirius, XM agree to pay $19.7 million
Approval of a merger of the nation's only two satellite radio companies was imminent yesterday after the pair agreed to pay $19.7 million to settle charges they violated federal rules. Sirius Satellite Radio Inc.'s proposed $3.9 billion buyout of rival XM Satellite Radio Holdings Inc. has been before the Federal Communications Commission for 16 months.
This column was compiled from dispatches by Sun reporters, the Associated Press and Bloomberg News.
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