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Tale of two satellite radio firms


May 12, 2008 Losses grew at XM and shrunk at Sirius, the satellite radio firms said Monday in announcing what they hope will be their final quarterly financial reports as stand-alone companies. The Justice Department gave its OK, but the pair still await FCC approval, and executives at both firms Monday again pitched the virtues of a merged company. XM CEO Nate Davis called a combined XM-Sirius "clearly in the public interest," predicting a la carte programming, tiered pricing and more family-friendly radio options.

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