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This paper investigates the joint iterative decoding of low-density parity-check (LDPC) codes and channels with memory. Sequences of irregular LDPC codes are presented that achieve, under joint iterative decoding, the symmetric information rate of a class of channels with memory and erasure noise. This gives proof, for the first time, that joint iterative decoding can be information rate lossless with respect to maximum-likelihood decoding. These results build on previous capacity-achieving code constructions for the binary erasure channel. A two state intersymbol-interference channel with erasure noise, known as the dicode erasure channel, is used as a concrete example throughout the paper.