FCC nears deal on XM-Sirius merger

WASHINGTON – A tentative deal has been struck by a majority of commissioners at the Federal Communications Commission to approve the merger of Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc., according to the Wall Street Journal. Citing unnamed sources, the Journal reported Wednesday afternoon that Republican commissioner Deborah Taylor Tate was expected to vote in favour of the deal in exchange for a consent decree that resolves enforcement issues against the satellite companies that will cost them $20 million.Tate is the only FCC member left to vote on the deal and she is expected to do so...