NEW YORK (Reuters) - Sirius Satellite Radio Inc. (SIRI.O: Quote, Profile , Research) and XM Satellite Radio Holdings Inc. (XMSR.O: Quote, Profile , Research) said on Monday they would offer a subscription package priced 46 percent below current levels, and would also let customers buy packages of their favorite channels, after their proposed merger.

The planned "a la carte" programming would be available beginning within one year following the merger, which the companies hope to complete later this year.

The deal, which faces strong opposition from traditional radio and some lawmakers, musty still past regulatory hurdles."

Labels: satellite radio