I had mentioned last week that the only chance satellite radio had, was if there was a merger in the works. Well, the FCC has squashed that thought, and the stock in XM and Sirius took a big hit today. The only way I see things changing, is if the price dropped for subscriptions, and there is a major infusion of cash through a partnership with Google, for ads. Paying the exhorbant contracts and bonuses to the likes of Howard Stern, will not attract new subscriptions on a continuing basis.
MAYBE, and its a big "maybe", if the stock bottoms out by May, there might be some money to be made over the short term, if contracts are signed with auto makers to give XM and Sirius an outlet for growth.
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