Fergie's Tech Blog

Crash and Burn: XM Faces the Music

Paul R. La Monica writes on CNN/Money:

XM Satellite Radio has crashed and burned and now some are starting to wonder if the company could be a takeover target. Shares have plummeted more than 60 percent this year.

Tough competition from rival Sirius Satellite Radio, which now employs shock jock Howard Stern, appears to be taking a toll. XM lowered its year-end subscriber and revenue forecasts in May. Analysts are also worried about increased advertising and promotional expenses as XM tries to stay ahead of Sirius.

posted by Fergie @ 7/26/2006 09:44:00 AM