ABC NEWS is reporting that it has confirmed the merger of XM SATELLITE RADIO and SIRIUS SATELLITE RADIO. The NEW YORK POST had reported in today's paper that a deal would be announced as soon as today (2/19).

ABC echoed the POST's report that SIRIUS' MEL KARMAZIN would serve as CEO of the combined entity; the POST had also reported that XM's GARY PARSONS would likely be named Chairman.

http://abcnews.go.com/Business/story?id=2887179