Commissioners at the Federal Communications Commission have reached an agreement to approve Sirius Satellite Radio's purchase of XM Satellite Radio  the Wall Street Journal reported.

Republican commissioner Deborah Taylor Tate agreed to cast a tie-breaking vote in favor of the deal after winning several concessions from the companies involving enforcement issues.

"I think it's fair to say an agreement in principle has been reached," FCC Chairman Kevin Martin was quoted by the Journal as saying.

The two companies will pay about $20 million in fines in order to get the approval, the Journal said.

Ive ben waiting for this deal for awhile now I think its a great thing for stellite radio, I cant wait to be able to listen to MLB ad Nascar on the same radio.

thanks for the info

I glad the FCC made theright decision. I guess all that money the terrestial radiio broadcasters and talk radio spent on lobbying against this merger, was a loss.