Washington - SiriusXM leased out 13 full-time audio channels on a 24/7 basis to other companies to fulfill a merger condition imposed by the Federal Communications Commission (FCC).
Channel leasing was one of multiple conditions imposed by the FCC when it approved the Sirius-XM merger in 2008. Other conditions included a la carte service plans, family-friendly service plans, and a
, which expires July 28 unless the FCC chooses to extend, remove or modify the cap.
The FCC said it imposed the requirement to lease out 4 percent of the company's full-time channels to "help ensure consumers have programming options available to them on issues unique to their communities."
Under lease agreements approved by Sirius XM, consumers will get access to content of interest to blacks, Latinos, Koreans, and Mormons.
The lease holders consist of Howard University, which gets two channels on Sirius and two on XM to provide music and talk programming for African Americans; BYU Radio, which gets one channel on Sirius and one on XM for Mormon music and talk programming; Eventus/National Latino Broadcasting , which gets one channel on Sirius and one on XM for Spanish-language talk programming and one channel on each for Spanish-language music programming; WorldBand Media, which gets one channel on Sirius and one on XM for Spanish-language talk programming; and KTV Radio, which gets one XM channel for Koran-language music and talk programming.