Thursday, January 18, 2007

FCC Said Rule Barring Satellite Radio Merger Could Be Changed

More noise on the potential hook-up of XM Satellite Radio Holdings Inc. (Nasdaq: XMSR) and Sirius Satellite Radio (Nasdaq: SIRI).

Both stocks spiked higher today after FCC Chairman Martin said the rule banning a merger of the two satellite radio companies could be changed. He said he was not aware of a request to change the rule.

Yesterday, both stocks were down after the FCC mentioned the rule barring the merger of the two.

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