Rumor Watch: XM and SIRIUS to REALLY Merge Today?!

According to the NY Post the two hemorrhaging Satellite providers will announce merger plans today:

Satellite radio operators Sirius and XM are expected to announce their long-awaited merger today, according to a source familiar with the deal.

The two sides were locked in negotiations over the weekend trying to hammer out a final agreement with an eye toward going public with the merger today in Washington, D.C., where XM is based, this source said.

Talks were still going on at press time and the deal could fall apart at any time. With antitrust issues of paramount importance, this source said lawyers for both companies were working overtime to fine-tune the language of the agreement and frame the discussion around the deal itself and not regulatory concerns.

I think its great that these companies want to merge, but the FCC has ruled that the two companies will never get approval.