Let's do this again, this time with gusto: The Federal Communications Commission has officially and formally approved the merger between Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc.
FCC Chairman Kevin Martin confirmed the final vote Friday night.
"I think it's going to be, in the end, a good thing for consumers and be in the public interest," Martin told The Associated Press.
FCC Chairman Kevin Martin said this in a statement:
"The merger is in the public interest and will provide consumers with greater flexibility and choices. Consumers will enjoy a variety of programming at reduced prices and more diversified programming choices. It will also spur innovation and advance the development and use of interoperable radios, bringing more flexible programming options to all subscribers."
"I am pleased that before acting on this merger, the Commission first finalized our enforcement proceeding against two companies that have flagrantly violated FCC rules and regulations," said Commissioner Tate in a statement.
Commissioner Adelstein couldn't help but to throw in a few jabs about the process of course.
"They kept each other on their toes," Democratic commissioner Jonathan Adelstein said of the two companies. "I hope they keep their edge and don't become a fat and happy monopoly."
The conditions haven't changed since we last presumed the final closure of the deal, it was simply a case of finalizing the process.
Congratulations everyone... I'm going to go sleep for a very, very long time now.