XM-Sirius Deal Opposed by States; Review Slips to May

The proposed merger of Sirius Satellite Radio Inc. and XM Satellite Radio Holdings Inc. was opposed by four states that say the combination of the only two pay radio companies poses a threat to competition. Connecticut, Maryland, Ohio and Washington urged the Federal Communications Commission to reject the merger in a letter signed by the states' attorneys general and posted today on the agency's Web site. The FCC is unlikely to take up the matter by the May 1 expiration of the companies' merger agreement, which has already been extended, said Paul Gallant, an analyst with Stanford Washington Research Group.
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