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XM/Sirius OK Seems Likely

6/20/2008 08:00:00 PM Eastern

The odds are growing for approval of an XM/Sirius merger, though hurdles still remain.

That's after the companies provided a compromise proposal with a host of conditions, including a pledge not to raise rates for three years, offer a la carte service and set aside 4% of their spectrum for non-commercial use, among other things.

Among FCC commissioners, Michael Copps was sounding like he was not ready to support the merger, and fellow Democrat Jonathan Adelstein is considered a long shot. But Copps' vote may yet be winnable with additional conditions or modifications. One broadcast lobbyist pushing against the merger suggested the deal was likely to be done.

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