Satellite radio mega-merger to go ahead

Justice Department antitrust lawyers Monday approved the proposed merger of rivals XM Satellite Radio and Sirius Satellite Radio, a $5 billion deal that will create a giant in a growing industry that now has more than 14 million subscribers.

"The evidence does not demonstrate the proposed merger of XM and Sirius is likely to substantially lessen competition, and the transaction therefore is not likely to harm consumers," a Justice Department statement said.