Sirius And XM Satellite Radio Finalize

The merger between Sirius Satellite Radio home to shock jock Howard Stern and rival XM Satellite Radio the exclusive carrier of Major League Baseball was finalized Tuesday. The news comes four months after the U.S. Justice Department approved the union and follows on the heels of last week's move by the Federal Communications Commission to give the deal its final blessing. Prior to the merger's approval, the two companies agreed to set aside 8 percent of their combined channels for public-interest and minority programming, and instituted a three-year price cap. The new company will also offer "à la carte" pricing within three months of the deal's closure.