XM / Sirius Merger could be approved imminently.

There are a lot of reports out there, far too many to link, but they all suggest, like this one, that approval for the merger between XM Satellite Radio and Sirius Satellite radio is due to come imminently from the US Department of Justice.

This smells to me very similar to the British Satellite Broadcasting / Sky Television, which was allowed to go ahead, despite the fact that it was against the rules that BSB were told to work by by the IBA. Sky had the deep pockets of Rupert Murdoch and News Corp to fall back on. BSB had no such benefactor, and most of their shareholders were worried about the upcoming 1991 Channel 3(ITV) licence process.

Sky were the 'winners' in that so called merger. They basically absorbed BSB into their company with the token changing of the name to "British Sky Broadcasting" rather than tell it like it really was, Sky basically swallowing up BSB.

The real similarity here though is that XM and Sirius, like Sky and BSB, are both losing money, hand over fist, quarter by quarter. Because these two are the only competing satellite radio services in the US and Canada, this really shouldn't happen, in much the same way that BSB and Sky should not have happened. But you know it's going to. History says the merger will go ahead, the market says the merger will go ahead, my head says the merger will go ahead, but my heart does not want it to. I cannot abide the creation of a monopoly by a market that is supposed to favour competition.

The shareholders have voted for it, now we wait for the confirmation from the DoJ that, as we expect, this merger will happen, despite what we know to be in the better interests of everyone. If the market is so good, then let the market decide, and if the market decides that neither should survive, then so be it.