Eat Satellite, Clear Channel!

XM-Sirius is APPROVED.

The merger was approved without conditions despite opposition from consumer groups and an intense lobbying campaign by the land-based radio industry.

The combination still requires approval from the Federal Communications Commission, which prohibited a merger when it granted satellite radio operating licenses in 1997.

The Justice Department, in a lengthy statement explaining its decision, said the two companies compete not just with each other but also with other forms of radio and entertainment. Customers must buy equipment that is exclusive to either XM or Sirius, and subscribers rarely switch providers.

"People just don't do that," an assistant attorney general, Thomas O. Barnett, said in a conference call with reporters.

The government also appeared to endorse the argument of the companies that they compete with other forms of audio entertainment, including "high-definition" radio, Internet-based radio stations and even devices like Apple's iPod

Good for USDOJ for rejecting the idiotic arguments of the National Association of Broadcasters. If anyone remembers, they claimed that Satellite Radio was a totally different animal from the nationally-syndicated, homogenized terrestrial radio behemoths and that XM and Sirius competed with each other, but not against AM and FM.