Behind Goldman's XM-Sirius Slam

The sour note on satellite radio halted a nascent rally, but other analysts say the report could ensure FCC approval for the merger

Just when you thought it was safe to get bullish on satellite radio, along comes a bearish Wall Street report. Days after a top U.S. regulator pledged to give a long-awaited green light to a merger of XM Satellite Radio (XMSR) and Sirius Satellite Radio (SIRI), an analyst at Goldman Sachs (GS) reiterated its dreaded "sell" ratings on the companies' shares.

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