Satellite Radio a Good Investment?

With the recent news of Sirius' bonus payment to Howard Stern, I can't help but wonder how Sirius can maintain a return to shareholders that would make it a good investment. Having lost 40% of its value in the last year, and seeing the subscriber numbers dwindling, and even outright cancelling subscriptions, I don't think that Sirius can survive on its own. There was talk on a mega-merger with XM, which seems to me, the only viable alternative, which would make it a formidable force against other media companies.

I wouldn't be putting any money into satellite radio stock, if you are looking for big returns. There will be a bottoming out of the stock later this year, and at best, single digit growth throughoout 2007.