Sirius-XM Merger Approved

Satellite Radio might finally stop sucking 98 dicks now that the Justice Dept has approved Sirius Satellite Radio’s $5 billion buyout of rival XM Satellite Radio:

The Justice Department, in a lengthy news release explaining its decision, said the two companies compete not just with each other but also with other forms of radio and entertainment.”The likely evolution of technology in the future, including the expected introduction in the next several years of mobile broadband Internet devices, made it even more unlikely that the transaction would harm consumers in the longer term,” the Justice Department said. “Accordingly, the division has closed its investigation of the proposed merger.”

The downside is, of course, that once Satellite Radio overcomes terrestrial radio as the new standard it will make music just like TV and water:one of those things that used to be free but now you have to pay for. Its cool though, I don’t really like music anyway.

Tags: competition, free, justice department, Merger, pay for, Satellite Radio, Sirius, terrestrial radio, XM