Sirius Satellite Radio Inc. bought rival XM Satellite Radio Holdings Inc. for $3.3 billion. This means that subscribers will be able to have access to both stations, it was also said to create huge cost savings for the industry. FCC Chairman Kevin Marin told the Associated Press, “Consumers will enjoy a variety of programming at reduced prices and more diversified programming choices.” The two rivals kept each other on their toes, the one fear that Democratic Commissioner Jonathan Adelstein has is that they will turn into a monopoly. Republican commissioner Taylor Tate insisted that the companies settle charges that they violated FCC rules before she would approve of the deal. Both companies agreed this week to pay $19.7 million to the U.S. Treasury for violations related to radio receivers and ground-based signal repeaters. The merging companies said that their merging would create hundreds of millions of dollars in cost savings and lead to greater choice in programming for subscribers and flexible pricing options. The FCC approval faced a steeper climb because the companies were prohibited from combining under terms of their licenses. The agency struggled to come up with a way to show that allowing a satellite radio monopoly was in the public interest. Sirius and XM also have promised to include a limited “a la carte” offering that would be available within three months of the close of the deal and allow listeners to pay only for the channels they want to receive.