Saturday, September 04, 2010

SIRI Sirius XM Radio Inc. still the dog in radio

SIRI Sirius XM Radio Inc. stock quote price shares XNAS – Morningstar

I was asked again the other day what I thought of the future of satellite radio. In Europe, I believe its a non starter with such a splintered telecoms market and no tradition in pay-radio. We're also too far North for direct line of sight. As far as North America is concerned, I still think this advice about Sirius is spot on. Satellite radio in the US is not a good investment. With all the developments with iPad, I doubt if we will see a next generation of these satellites. Sirius is clever at hyping, but to say they are swinging into profit is being very optimistic.
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